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January 17, 2012

An industrial site for sale on Dean Street across from the planned arena parking lot promises change

Atlantic Yards Report

An industrial building on the south side of Dean Street a bit east of Carlton Avenue--across from the future surface parking lot for the Atlantic Yards arena--is for sale, and the broker suggests it could be high-density residential, while offering a rendering [right] that suggests, at minimum, ground floor retail serving arena-goers.

The site offers a substantial 65,000 square feet, which would support not just a restaurant but a small multi-store complex.

The 1951 building, which offers two stories above ground and one story below ground, is zoned M-1, aimed for light manufacturing, but in which "[o]ffices, hotels and most retail uses are also permitted." Residential is more iffy.

It offers a 140-foot frontage and a significant potential footprint, according to the advertisement from Winick Realty Group:

  • 16,500 Square Feet Ground Floor (ceiling 11½ -12 feet)
  • 21,370 Square Feet Second Floor (ceiling 11½ –12 Feet)
  • 26,722 Square Feet Lower Level (12-14 Feet Lower Level)

No price is listed, but a previous sales effort, via another broker, priced the building at $5 million.

Winick also promotes an "all glass front," parking for 90 cars, and cites, as neighbors, "Nets Arena, Barclays Arena, Atlantic Terminal, Atlantic Yards, Atlantic Center."

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Related coverage...

Daily Heights, 594 Dean Street is for Sale

While the broker is saying that it’s a good site for high-density residential development, it’s got 140 linear feat of frontage that looks like it would support retail geared toward arena-goers, as this rendering of 594 Dean Street suggests. They even helpfully suggest an upscale name for the development: “The Warehouse at Dean.”

Posted by eric at January 17, 2012 12:12 PM