NYC real estate in brief

New York /
Feb.February 19, 2009 03:13 PM

Dumbo historic commercial buildings going residential
Three Greek Revival-style commercial buildings in Dumbo will be turned
into a single, mixed-use structure. The five-story buildings — 11, 13 and 15 Old
Fulton Street — will have rental units on the second through fifth
floors with ground-floor retail. The buildings stand in the Fulton
Ferry Historic District, and the city Landmarks Preservation Commission
has already approved plans for the building. Construction, which will
include restoring the building’s facade, is expected to begin this year.

Carlton Strategic Ventures starts mortgage capital division

Carlton
Strategic Ventures has created CSV Mortgage Capital, a $300 million
first mortgage joint venture with an institutional real estate
investment firm. The new venture will originate first mortgage loans up
to 65 percent of currently underwritten first mortgage value to
qualified borrowers. CSV Mortgage Capital will be targeting loan
transactions between $20 million and $100 million.

40 Brooklyn groups say no to stimulus funds for Atlantic Yards
40
Brooklyn community organizations sent a letter to Governor David
Paterson explaining why the Atlantic Yards project should not receive
funds from the stimulus bill. The groups state the project already is
getting financing from the city, state and federal subsidies in the
form of cash, tax breaks and tax exemptions, and so the stimulus funds
should not go towards bailing out the project. The letter said New York
residents instead need the stimulus funds for infrastructure and
housing, not a sports arena.

Public review of Dumbo rezoning begins
The Department of City
Planning began the public review of the proposed Dumbo rezoning
yesterday. In the proposal, 10 blocks along Jay Street and five blocks
along Bridge Street would be rezoned from manufacturing to a mixed-use
district, allowing residential and community facility uses. “Providing
predictability, height limits and opportunities for affordable housing
will enhance the DUMBO success story of adaptive reuse of its historic
loft and warehouse buildings, and make this an even more exciting
neighborhood,” said City Planning Commissioner Amanda Burden. TRD


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gary Barnett
Gary Barnett has something to say
Gary Barnett has something to say
Industrious CEO Jamie Hodari and CBRE chief financial and investment officer Emma Giamartino (LinkedIn, CBRE)
CBRE doubles down on flex-office provider Industrious
CBRE doubles down on flex-office provider Industrious
New York skyline
Rising interest rates will dampen city’s investment sales market this year
Rising interest rates will dampen city’s investment sales market this year
Mayor Eric Adams (Photos by Paul Dilakian)
Eric Adams critiques DOB, wants to roll out “red carpet” for development
Eric Adams critiques DOB, wants to roll out “red carpet” for development
L-R: Douglas Elliman CEO Scott Durkin, Serhant CEO Ryan Serhant, Brown Harris Stevens CEO Bess Freedman, The Real Deal's Hiten Samtani (Photos by Paul Dilakian)
Top resi execs talk brand building, tech and politics at TRD NYC event
Top resi execs talk brand building, tech and politics at TRD NYC event
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...