Jonathan Butler debuts Crown Heights office conversion

Brownstoner blogger's project to feature beer hall, fiber-optic network

TRD New York /
Apr.April 08, 2014 04:15 PM

A Brooklyn real estate blogger will soon open his own Crown Heights project, a 140,000-square-foot commercial building converted from a former Studebaker service station.

The 140,000-square-foot building now has a temporary certificate of occupancy from the city’s Department of Buildings, and developer Jonathan Butler plans to move a couple dozen tenants into the space over the next three weeks, the New York Observer reported.

Butler, who runs the local Brownstoner real estate blog, picked up the property with Goldman Sachs Urban Investment Group and BFC Partners in 2012 for $11 million, the Observer noted.

The complex, which includes a 400-seat beer hall and food court slated to open in May at 899 Bergen Street, was designed by Annabelle Selldorf. The building features 13-foot ceilings and a fiber-optic network, according to the listing.

Aptsandlofts is handling leasing, and about half of the building has been leased or is in the process of being leased, the article said. As of September of 2012, a food business incubator facility was in the process of finalizing a 45,000-square-foot deal to anchor the building[NYO]Angela Hunt


Related Articles

arrow_forward_ios
Clockwise from left: 2 East 55th Street, 25-25 Borden Avenue and 91 Ludlow Street (Credit: Google Maps)

Here’s what the $10M-$30M investment sales market looked like last week

1890 Lexington Avenue and 22 St. Marks Place (Credit: Google Maps)

Here’s what last week’s $10M-$30M investment sales market looked like

From left: 254 Water Street, 45-01 Northern Boulevard and 34-08 46th Street (Credit: Google Maps)

Here’s what the $10M-$30M investment sales market looked like last week

From left: 305 East 47th Street and 286 River Avenue (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

Clockwise from top left: 2-34 Beach 102nd Street in Far Rockaway, 175 Canal Street West in Mott Haven, 102 Fulton Street, and 71 Smith Street in Boerum Hill (Credit: Google Maps and StreetEasy)

Here’s what the $10M-$30M NYC investment sales market looked like last week

145-65 Wolcott Street in Brooklyn, 3428 Park Avenue in the Bronx and 20 East 35th Street (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

Fire, flood and profit: Real estate investors are chasing crises

Fire, flood and profit: Real estate investors are chasing crises

From left: 137 2nd Avenue, Joel Schreiber, and 51-55 East 125th Street (Credit: Google Maps)

Here’s what the $10M-$20M NYC investment sales market looked like last week

arrow_forward_ios