Councilman: I’M up for It! Levin Backs Controversial Downtown Rezoning for Another New High-Rise
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LIFELINES for the LOVELORN* Hundreds of New York Businesses, High-Tech VOL
CRAINSNEW YORK BUSINESS What Trump’s tax plan might mean for New Yorkers P. 5 | The List: NYC’s top health insurers P. 11 | The surprise value of good deeds P. 16 NEW YORK BUSINESS® NOVEMBER 21 - 27, 2016 | PRICE $3.00 LIFELINES FOR THE LOVELORN* Hundreds of New York businesses, high-tech VOL. XXXII, NO. 47 WWW.CRAINSNEWYORK.COM and low, help the city’s 3.2 million singles find a date—or something more lasting Page 12 *Cover models Francia Cooper, a global marketing manager, and Carl Grant, a software engineer and actor, are single and looking! NEWSPAPER P001_CN_20161121.indd 1 11/18/16 8:40 PM NOVEMBER 21 - 27, 2016 CRAINSNEW YORK BUSINESS FROM THE NEWSROOM | JEREMY SMERD | EDITOR IN THIS ISSUE Save lives, not hospitals 4 AGENDA 5 IN CASE YOU MISSED IT MEMO TO MAYOR BILL DE BLASIO and any other political leader Eli Zabar’s 6 WHO OWNS THE BLOCK who equates saving a hospital with saving lives: “If we are Vinegar 7 REAL ESTATE Factory still in the paradigm that’s all about the hospital, protecting to close its that centerpiece, I will tell you: We are out of touch with 8 ASKED & ANSWERED retail store reality. And if you’re not willing to shift that narrative, then 9 FOOD you’re working on the wrong thing. You’re working on how 10 VIEWPOINTS to save a hospital. I’m working on how to save lives.” 11 THE LIST Those were the words of Bernard Tyson, CEO of the FEATURES country’s largest managed health care organization, Kaiser Permanente. -
Renters Relieved! Life Returns to Normal After Supreme Court Turns Do
Renters Relieved! Life Returns to Normal After Supreme Court Turns Do... http://www.observer.com/2012/04/renters-relieved-supreme-court-denies... BETABEAT POLITICKER GALLERISTNY VELVET ROPER COMMERCIAL VSL POLITICKERNJ SEARCH OBSERVER RENT WARS BOX OFFICE Is Steve Harvey the New Tyler Perry (Of the Box Office)? Tweet 15 Like 19 0 By Kim Velsey 4/23 4:13pm Today marks a day of rejoicing for residents living in one of the city’s many rent-regulated apartments. Break out the Andre! The Supreme Court has declined to hear a challenge to rent control brought by former federal prosecutor James D. Harmon Jr., the owner of a five-story townhouse on West 76th Street. Mr. Harmon, who grew up in the brownstone and now lives there with his wife Jeanne, inherited the building and its three rent-controlled tenants from his grandfather. The building also has three market-rate tenants. In a city of renters, where the approximately 47% percent Park Slope Is New York’s Second of the city’s 2.2 million rental units are subject to rent Most Adulterous Neighborhood, The house the Harmons control or rent stabilization laws, the Harmon case touched Says AshleyMadison.com built... but don't truly own? New Yorkers’ notoriously hard-to-reach hearts. The case’s (Google Maps) potential to radically upset New York City housing policy, NY1 Anchor Pat Kiernan Moving to as well as rent regulation laws across the country, left those Williamsburg, is a Baller on both sides of issue anxiously awaiting the court’s decision. Televangelist Creflo Dollar Sells Manhattan Condo “This is a huge relief, because rent control could have been doomed under the conservative Roberts court,” City Councilwoman Jessica Lappin wrote to The Observer. -
Report | Winter 2017 Executive Summary
THE REAL ESTATE BOARD OF NEW YORK BROOKLYN RETAIL REPORT | WINTER 2017 EXECUTIVE SUMMARY on the corridor. According to our Brooklyn Retail Report In winter 2017, average asking rents for Advisory Group, the few available spaces were clustered available ground floor retail spaces increased in more desirable locations, which drove the average in seven of the 15 Brooklyn corridors asking rent for ground floor spaces upward and could cause the pace of deal making to decelerate. analyzed in the Real Estate Board of New York’s (REBNY) Brooklyn Retail Report when compared to winter 2016. The ground floor retail average asking rent on Fulton Street, between Boerum Place and Flatbush Avenue, increased eight percent year- Three corridors were unchanged and the decreases in ground floor retail average asking rents for the remaining over-year to $326 per square foot. five varied. The strongest average asking rent growth has continued in areas with new residential development and the potential for increased residential density. The Deals in this corridor have been moving at a brisk declines were posted in corridors without new residential pace due to new residential projects being completed development and where available retail space was nearby and chances of retail spillover from the City Point concentrated in the lower-priced periphery of those project where popular retailers Target, Century 21, and corridors. Overall, the retail landscape in Brooklyn has the Alamo Drafthouse Cinema have already opened shown continued strength as residential development and Trader Joe’s is scheduled to open this year. Our rises and commercial developments create new retail Brooklyn Retail Report Advisory Group sees the City destinations. -
An Economic Snapshot of the Greater Downtown Brooklyn Area
An Economic Snapshot of the Greater Downtown Brooklyn Area Thomas P. DiNapoli Kenneth B. Bleiwas New York State Comptroller Deputy Comptroller Report 5-2013 July 2012 The greater downtown Brooklyn area is the civic Highlights center of Brooklyn and includes the largest business district in New York City outside of • Private sector employment in the greater Manhattan. With its close proximity to Manhattan downtown Brooklyn area rose by and excellent transportation options, the area 18.3 percent between 2003 and 2010. offers a lower-cost business district that has • Health care and social assistance is the attracted large and small firms in a wide range of largest employment sector, accounting for sectors. nearly one-third of the area’s private sector jobs in 2010. Job growth in the area has been robust, outperforming the rest of Brooklyn and the rest of • The business and finance sectors together the City between 2003 and 2010. Although more accounted for 21.3 percent of the area’s recent neighborhood data are not available, it private sector jobs in 2010. appears that the greater downtown Brooklyn area • The educational services sector accounted continues to experience strong job growth. for nearly 11 percent of all private sector Together, business, finance and educational jobs, reflecting the area’s concentration of services account for one-third of the area’s jobs, colleges and universities. This sector grew by which is almost twice their share in the rest of nearly one-quarter between 2003 and 2010. Brooklyn. High-tech businesses also have taken a • Employment in the leisure and hospitality foothold in the area. -
City Point Generic Brochure
DOWNTOWN BROOKLYN IT’S ALL HERE DEVELOPMENT MATRIX M BQE anhattan Bridge NASSAU ST FLUSHING AVE atrix M Commodore DAMS ST A Barry Dv DUMBO Park SANDS ST velopment e D JAY ST TILLARY ST Mx HIGH ST Downtown Brooklyn DUMBO HEIGHTS C ADM Q2 2019 Update AN PL AZA WEST FL MetroTech A TBUSH A ark Commons MYRTLE AV VE EXT Completed Construction Pipeline Total T a T z S S olumbus P T E Fort C S C D L N E E E G BROOKLYN I Greene R F D T I F S W R Park U A B Y Total Condo Units D L HEIGHTS A J Willoughby Pla GOLD ST 2,558 2,399 887 5,844 FLEET PL (Market & Aordable) WILLOUGHBY ST Willoughby Square Park Total Rental Units (Market & Aordable) 12,007 2,819 6,908 21,734 T ST FUL TON ST OUR C FORT GREENE Albee Square DE KALB AVE Total Market Rate Units L DOWNTOWN 12,004 4,404 4,999 21,407 P 160 BROOKLYN ASHL (Condo & Rental) ERUM BO LIVINGST Fox Squar AND PL ON ST e R Total Aordable Units SCHERMERHORN ST OCKWELL PL (Condo & Rental) 2,561 815 2,796 6,172 FL A TBUSH A COBBLE STATE ST BAM Park HILL VE ATL VE ANTIC A LAFAYETTE A Total Residential Units 14,565 5,218 7,795 27,578 T S VE MITH HANSONS PL T S T YT HO INS S ATLANTIC AVE V NE 521 T HANSON PL OND S BOERUM B FLATBUSH AVE Times HILL Plaza E AV D R 3 E V A H T PACIFIC PARK 4 DEVELOPMENT PIPELINE COMPLETED IN CONSTRUCTION PLANNED OPEN SPACE STACKING PLAN LOWER LEVEL GROUND/MEZZANINE PLAN FREIGHT ELEVATORS KEY Temporary Tenant R Q B MEZZANINE RETAIL M-102A DeKalb AvenueSTICKS & 1,369 SF Subway StationSTONES CITY TOWER Available 440 UNITS DEKALB MARKET HALL LOBBY 1,674 SF Pain D’Avignon FLEET STREET FLATBUSH -
The Brooklyn Market Report 2017
The Brooklyn Market Report 2017 January 2018 2017 BROOKLYN MARKET REPORT Table of Contents Welcome Multifamily Building Mixed-Use Building Letter Transactions Transactions 3 Introduction 7 10 4 Summary 6 Residential Development Retail Building Site Transactions Transactions 13 16 Industrial/Office Other/Special Building Transactions Asset Transactions 19 22 Page 2 2017 BROOKLYN MARKET REPORT Welcome to Brooklyn The Brooklyn market is continuing to show strength, even as we end a two-year dollar volume decline. While total dollar volume showed a 40% decrease from the 2015 peak, the Brooklyn investment sales transactional market is showing resiliency. 2017 was truly a strong year where many asset classes saw price increases, and total transactional volume remained steady. 2017 was truly We believe the resiliency of the Brooklyn market stems from the depth a strong year and diversity of asset classes and neighborhoods. This is one of the most “where many building-rich counties in America, and many of these communities within asset Brooklyn are continuing to transform and reinvent themselves. While classes saw institutional investors have reduced their activity in the broader market price increases, in the last two years, family offices and wealthy individuals continue to and total believe in the Brooklyn trajectory going forward. transactional volume remained As a Brooklyn-only firm, TerraCRG has followed the market trajectory and steady. experienced an extraordinary evolution in the past decade as we’ve pursued our mission to be Brooklyn market leaders. Our ever-growing commitment to market knowledge and expertise are exemplified in this report. Our Brooklyn Market Report presents the most up-to-date information, resources and news on what is happening year-over-year throughout the various regions, ” neighborhoods and asset classes. -
Public Design Commission Conceptual Presentation on Open
PUBLIC DESIGN COMMISSION FINAL REVIEW JANUARY 19, 2021 WILLOUGHBY SQUARE OPEN SPACE NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION HARGREAVES JONES LANDSCAPE ARCHITECTURE GARRISON ARCHITECTS // DELTA FOUNTAINS // TILLETT LIGHTING LANGAN // WESLER-COHEN ASSOCIATES // PAUL COWIE & ASSOCIATES // CRAUL LAND SCIENTIST NORTHERN DESIGN // SITEWORKS // MILROSE CONSULTANTS THE ORATORY CHURCH OF ST 4 METROTECH CENTER DELI BONIFACE CHURCH (1ST FL) (JP MORGAN CHASE & CO) FLATBUSH AVENUE BROOKLYN BROOKLYN SAVANNA DEVELOPMENT (141 WILLOUGHBY STREET) Manhattan New Jersey WILLOUGHBY WILLOUGHBY STREET SQUARE Brooklyn AVA DOBRO Staten Island BROOKLYN POINT MIXED USE - RESIDENTIAL/COMMERCIAL BRIDGE STREET DUFFIELD STREET ALOT WILLOUGHBY FLATBUSH AVENUE GOLD STREET / ALBEE SQUARE (W HOTELS) SQUARE CITY NTS East Brooklyn SHERATON Bridge BROOKLYN River Park Cadman Navy Plaza Flatbush Ave Ext Yard Flushing Ave Clark St Cadman Plaza W Commodore Barry Park 227 DUFFIELD 230 DUFFIELD ST STREET Pierrepont St Brooklyn-Queens Expwy Tillary St (TOWNHOUSE) Johnson St HOTEL INDIGO CITY POINT (299 DUFFIELD STREET) (7 DEKALB AVENUE) Henry St Myrtle Ave Clinton St Ft Greene Gold St Duffield St Bridge St Willoughby St Park OFFERMAN Vanderbilt Ave ONE WILLOUGHBY SQUARE WILLOUGHBY Bklyn BUILDING MIXED USE - SCHOOL/OFFICE Fulton St Long Island Hospital SQUARE University Center Dekalb Ave Adams St Smith St BRIQ Hoyt St (237 DUFFIELD STREET) Bond St Atlantic St Nevins St THE AZURE (436 ALBEE SQUARE) Brooklyn-Queens Expwy NEIGHBORHOOD 1000’ SITE N RESIDENTIAL MIXED-USE SCALE: NTS -
The 2019 New York Emmy® Award Nominees 1
The 2019 New York Emmy® Award Nominees THE 62nd ANNUAL NEW YORK EMMY® AWARD NOMINATIONS ANNOUNCED THIS MORNING! New York, NY – Wednesday, February 20, 2019. The 62nd Annual New York Emmy® Award nominations took place this morning at the studios of CUNY-TV. Hosting the announcement was Denise Rover, President, NY NATAS. Presenting the nominees were Emmy® Award-winner Marvin Scott, Senior Correspondent and Anchor/Host, PIX News Close Up, WPIX-TV; Emmy® Award-winner Elizabeth Hashagen, Anchor, News 12 Long Island; Emmy® Award-winner Pat Battle, Anchor, WNBC-TV; and Emmy® Award-winner Virginia Huie, Reporter, News 12 Long Island. Total Number of Nominated Entries WNBC-TV 53 Queens Public Television 3 WNJU Telemundo 47 49 Spectrum News Albany 3 WPIX-TV 41 St. Lawrence University 3 MSG Networks 39 WKBW-TV 3 YES Network 33 All-Star Orchestra 2 Spectrum News NY1 31 BARD Entertainment 2 WXTV Univision 41 30 BronxNet 2 News 12 Long Island 21 IMG Original Content 2 News 12 Westchester 20 New Jersey Devils 2 NYC Life 18 Spirit Juice Studios 2 SNY 16 WGRZ-TV 2 WABC-TV 16 WHEC-TV 2 WCBS-TV 16 WIVB-TV 2 CUNY-TV 14 WNET 2 Newsday 14 WSTM-TV 2 New York Jets 12 Broadcast Design International, Inc. 1 Pegula Sports and Entertainment 11 Brooklyn Free Speech 1 WLIW21 11 CBS Interactive 1 WNYW-TV 10 DeSales Media Group 1 THIRTEEN 8 Ember Music Productions 1 BRIC TV 7 John Gore Organization 1 MagicWig Productions, Inc./WXXI 6 News 12 Brooklyn 1 NJ Advance Media 6 News 12 The Bronx 1 News 12 Connecticut 5 NHTV 1 Spectrum NY1 Noticias 5 NJTV 1 WTEN-TV 5 NVJN 1 New York Yankees 4 OGS Media Services/OASAS 1 WJLP-TV 4 Science Friday/HHMI 1 WNYT-TV 4 Sinclair Broadcast Group 1 WRGB-TV 4 Spectrum News Rochester 1 WRNN-TV & FiOS 1 News 4 Staten Island Advance/SILive.com 1 WXXI-TV 4 Theater Talk Productions 1 Blue Sky Project Films Inc. -
An Economic Snapshot of Brooklyn
An Economic Snapshot of Brooklyn Thomas P. DiNapoli Kenneth B. Bleiwas New York State Comptroller Deputy Comptroller Report 4-2015 May 2014 Highlights Over the past decade, Brooklyn has expanded at a • rapid pace by attracting new businesses and Brooklyn is the largest of New York City’s five residents. Downtown Brooklyn is New York boroughs by population and the second-largest City’s largest business district outside of by area. With 2.6 million people, it is the second Manhattan, and there are a number of other most densely populated county in the nation. important economic centers in the borough, • Immigrants accounted for 39 percent of the including the Brooklyn Navy Yard, Sunset Park, borough’s residents in 2012, the third-largest Williamsburg and Greenpoint. share of any large county in the nation. Since 2003, the number of businesses in Brooklyn • Between 2003 and 2012, private sector has grown by 21 percent, a much faster rate of employment grew by 19.8 percent, faster than growth than in the rest of the City. Job growth has any other borough and nearly twice the rate of also been strong (19.8 percent), nearly twice as growth in the rest of the City. fast as in the rest of New York City. • Total private sector wages grew by 42 percent Health care and retail account for almost half of between 2003 and 2012, faster than any the jobs in Brooklyn, but many of these jobs offer borough outside of Manhattan. modest salaries. Professional and business services • Since 2003, the number of businesses has grown are growing rapidly, technology and creative firms by 21 percent, a much faster rate of growth are expanding, and manufacturing is reviving. -
Kings Highway Plaza Anchored by Brooklyn, Nyc 2 Introducing Kings Highway Plaza with 80,000 Sf of New Construction Positioned at a Traffic
KINGS HIGHWAY PLAZA ANCHORED BY BROOKLYN, NYC 2 INTRODUCING KINGS HIGHWAY PLAZA WITH 80,000 SF OF NEW CONSTRUCTION POSITIONED AT A TRAFFIC LIGHT, EQUIPPED WITH ROOFTOP PARKING FOR 200+ CARS... IT’S CALLED KINGS FOR A REASON. READY FOR OCCUPANCY Q4 2019 SITE INFO 5200 KINGS HIGHWAY EAST FLATBUSH, BROOKLYN Size Demographics Retail 1 49,323 SF - Lower Level (Target) 5 Min 10 Min 15 Min Drivetime Drivetime Drivetime Retail 2 23,000 SF - Lower Level (Divisible) Retail 4 3,898 SF - Ground Floor Population 45,773 167,767 989,208 Retail 5 2,194 SF - Ground Floor Households 38,813 193,265 401,210 Average $91,112 $81,567 $77,331 Asking Rent Household Income Upon Request Total 2,586 14,222 30,283 Businesses Possession Q4/2019 Comments Currently Over 30,000 SF adjacent to new Target New Construction 200+ parking spaces at a traffic light intersection Frontage Located at the convergence of Kings Highway, Foster Ave, Utica Ave, and Glenwood Rd 270’ on Kings Highway Neighbors Over 128,000 total VPD on nearby major roads Kings Plaza Mall, BJ’s, Canarsie Plaza, CVS, Dollar Excellent visibility from all directions Tree Parking Free rooftop parking – 275 cars 4 TIMELINE TARGET SITE FOUNDATION UNDER RETAIL GRAND SIGNED BUILDING ANCHOR EXCAVATION COMPLETE CONSTRUCTION TOPPED OUT DELIVERY OPENING EXECUTED Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2018 2018 2018 2019 2019 2019 2019 2020 2020 FLOOR PLANS MULTIPLE LEVELS OF DIVISIBLE RETAIL SPACES... ANCHORED BY TARGET. FLOOR PLANS PLAN A – LOWER LEVEL PLAN UTICA AVE. 16104NYKH No copies, transmissions, reproductions, or electro part be made without the express written permission drawings are property of Zyscovich Architects. -
180131 BKP Fact Sheet V3.Indd
Extell Development Company presents Brooklyn Point, a new standard of luxury living in Downtown Brooklyn. Designed by world- renowned architectural firm Kohn Pederson Fox (KPF) the soaring, 720-foot-tall tower features a sculptural façade with oversized windows that frame spectacular views of the Manhattan skyline and waterways. The 68-story tower includes luxury residences and over 40,000 square feet of indoor and outdoor amenities. Brooklyn Point will be the first residential for-sale property at City Point – the largest food, shopping and entertainment destination in Brooklyn. The custom residential and amenity interiors by Katherine Newman Design (KND) reflect the Extell benchmark for quality and craftsmanship. KND has curated a sophisticated design aesthetic that combines art and utility, resulting in a modernist sensibility that embraces and reinterprets the past. RESIDENCE FEATURES EXCLUSIVE AMENITIES Extell Quality Heath & Wellness • Custom glass and metal curtain wall Spa Sports • Imported stone and custom millwork • 65’ Indoor Saltwater Swimming Pool • State-of-the-Art Fitness Center Including: • 5” wide flat-cut light or dark stained white oak flooring • Hot Tub • Weight & Cardio Training Rooms • Washer and dryer in all residences • Infrared Sauna • Rock Climbing / Yoga Studio • Integrated USB electrical outlets in select locations • Men’s & Women’s Steam Rooms • Cycling Studio • Central HVAC system • Men’s & Women’s Locker Rooms • Pilates Studio • Ceiling height ranging from 9’ to 11’ • Squash / Basketball Court The Extell -
Brooklyn 2015 Mid-Year Sales Report by Ariel Property Advisors | Released July 2015
BROOKLyn 2015 Mid-YEAR SALES REPORT by Ariel Property Advisors | Released July 2015 Join Our Network: e-mail [email protected] or visit arielpa.com 212.544.9500 I arielpa.com 122 East 42nd Street, Suite 1015, New York NY 10168 BROOKLyn 2015 Mid-YEAR SALES REPORT Dear Friends, 2015 MID-YEAR SALES REPORT Posting major gains in dollar volume and the number of properties sold, Brooklyn’s in- vestment property sales market started the first half of 2015 in strong fashion. Dollar Volume Transaction Volume Property Volume For the 1H2015, Brooklyn saw 766 transactions consisting of 1,083 properties totaling $5.327 billion in gross consideration. This represents an impressive 76% increase in dol- lar volume, a 14% increase in transaction volume and a 20% increase in property volume compared to 1H14. While nearly every product type saw more selling activity across the $5.33 766 1,083 board, multifamily and development transactions accounted for over 90% of dollar vol- BILLION ume and had a pronounced positive impact on the first half. 59% increase 7% increase 12% increase Multifamily sales, which accounted for 60% of total dollar volume, were expansive in compared compared compared terms of product type and location. Sales ranged from large multifamily portfolios to to 2H 2014 to 2H 2014 to 2H 2014 existing, core rental buildings ideal for conversion to condominiums. Multifamily prices remained at the elevated levels seen at the end of 2014. With strong fundamentals and interest rates expected to stay low over the remainder of the year, 2015 is shaping up to be an incredible year for Brooklyn multifamily owners.