185 Plymouth Street
One block north of its recently sold out condominium conversion of the Fancy Basket Company warehouse in Dumbo, Alloy Development is planning a similar conversion of a circa-1900 stable and storage building at 185 Plymouth Street, Brownstoner reported. The plans must be approved by the Landmarks Preservation Commission in a meeting next Tuesday. [more]
From left: Brooklyn Bridge Park, Barry Sternlicht, chairman of Starwood Capital, Stephen Benjamin, principal at Dermot Company, and Robert Toll, president of Toll Brothers
The contenders to redevelop Brooklyn Bridge Park’s residential and hotel components have been whittled down to three from seven, sources told Crain’s.
The three with their hats still in the ring are the Dermot Company, Toll Brothers and a partnership consisting of Starwood Capital and Alloy Development, Crain’s said. [more]
Brooklyn’s Dumbo neighborhood is experiencing a mini-boom as rezoning and a strong demand for housing take hold in the hotly-desired neighborhood. There are around 3,600 people currently living in the area, according to Alexandria Sica, executive director of the Dumbo Improvement District, but with new housing developments sprouting up across the area, she expects there to be 4,000 by the end of 2011.Toll Brothers is proceeding with a 65-unit condominium at 205 Water Street thanks to rezoning approved by the city in 2009, according to the Wall Street Journal. Construction is slated to finish in 2012 with apartment prices averaging about $800 per square foot. [more]
