NEW YORK | The Hub (333 Schermehorn) | 607 FT | 44 FLOORS

[ardecila]

Shouldn't this thread be labeled as "Brooklyn" instead of "New York"? That seems to be the common standard for outer borough projects on SSP.

[Double L]

If I'm not mistaken, New York is an incorporated city and Brooklyn is just a borough of it.

[SkyscrapersOfNewYork]

Originally Posted by ardecila

Shouldn't this thread be labeled as "Brooklyn" instead of "New York"? That seems to be the common standard for outer borough projects on SSP.

No, NYC is made up of Manhattan, Brooklyn,Queens, Staten Island and the Bronx. All 5 boroughs of one city.

[Crawford]

Originally Posted by ardecila

Shouldn't this thread be labeled as "Brooklyn" instead of "New York"? That seems to be the common standard for outer borough projects on SSP.

That would be very odd to label projects by neighborhood. You would basically have total chaos on SSP, and no one would know what the label was even referring to. Imagine doing Chinese districts, for example, instead of Chinese cities.

[JayPro]

Then the obvious solution (IMHO):
BROOKLYN (NEW YORK CITY) | (Project Name) | (Floor Count, Height)

Simply parenthesize the greater City where the 'hood/district/whatever's project is located.

[Double L]

Well oftentimes the border for neighborhoods in cities is debatable. Here in Houston multiple people would have different definitions for Montrose or Midtown, etc.

I know the boroughs are different because their borders are defined by government but it is still a general rule for the entire forum section.

[scalziand]

Originally Posted by JayPro

Then the obvious solution (IMHO):
BROOKLYN (NEW YORK CITY) | (Project Name) | (Floor Count, Height)

Simply parenthesize the greater City where the 'hood/district/whatever's project is located.

I think the main city should be in greater prominence, such as this.

NEW YORK CITY (BROOKLYN) | (Project Name) | (Floor Count, Height)

That way when sorting through thread titles, it shows up with other city projects, but is still identifiable as being from that distinct part of the city.

[NYRebel]

Originally Posted by JayPro

Then the obvious solution (IMHO):
BROOKLYN (NEW YORK CITY) | (Project Name) | (Floor Count, Height)

Simply parenthesize the greater City where the 'hood/district/whatever's project is located.

Originally Posted by scalziand

I think the main city should be in greater prominence, such as this.

NEW YORK CITY (BROOKLYN) | (Project Name) | (Floor Count, Height)

That way when sorting through thread titles, it shows up with other city projects, but is still identifiable as being from that distinct part of the city.

I understand where you guys are coming from but in all honesty it would be a bit repetitive.

No matter how we say it it's still within the same city. So saying Brooklyn/Manhattan/Queens etc isn't necessary because the boroughs aren't cities. They never will be (again, rather) and just because we have a large city I don't feel as if we have to specify the specific borough.

Brooklyn is just as "New York" as Manhattan. Although Brooklyn does have it's own identity and may feel like a separate entity it's not.

Of the two options though if the forum wanted to/forced us to, it would be better putting NYC first then the borough.

[NYguy]

Originally Posted by SkyscrapersOfNewYork

No, NYC is made up of Manhattan, Brooklyn,Queens, Staten Island and the Bronx. All 5 boroughs of one city.

Exactly. Its not a hard concept. They're all New York.




http://www.6sqft.com/douglas-steiner...tallest-tower/

Growth Spurt: Brooklyn’s Tallest Tower at 333 Schermerhorn Will Soar Even Higher Than Expected





June 11, 2014
By Ondel Hylton

Construction filings from the Department of Buildings have revealed that Douglas Steiner’s mixed use tower at 333 Schermerhorn Street, dubbed the Hub, will soar 30 feet higher than previously reported; making it the top contender for Brooklyn’s tallest building at 607-feet.

For more than 80 years, the title of Brooklyn’s tallest belonged to the 512-foot Williamsburg Savings Bank tower at 1 Hanson Place. With its beloved 4-sided clock tower and its majestic banking hall, the tower has stood in relative isolation since its construction in 1929. Bruce Ratner’s Atlantic Yards centerpiece building nicknamed “Miss Brooklyn,” was the first to challenge the tower’s dominance and was slated to soar more than 100-feet above the bank building’s dome. The proposal incited uproar from Brooklynites, leading to its eventual downsizing in 2006 to 511-feet, just one foot shorter than the neighboring bank building.

The bank tower lost its tallest title in 2010 to a 515-foot rental tower called the Brooklyner. The project received little outcry, aside from its appearance, and its size was a result of a 2004 comprehensive zoning of Downtown Brooklyn to inject new commercial and residential life into the district. With dozens of underutilized sites in the area, the race towards the sky ignited.

388 Bridge Street is Brooklyn’s current title holder, topping off at 53 stories with rentals already up for grabs (50% of which are already leased). Next door, the Avalon Willoughby West is wrapping up its foundation work and is preparing to march 596 feet skyward rounding out at 57 stories.

Steiner’s tower is one block away from the old bank tower and its revised height of 607-feet is set to clench the title of Brooklyn’s loftiest tower. A crown of open-air screens and a set of spires, as seen in renderings, may bring that figure even higher.

When complete in 2016, The Hub will have 740 rental apartments, 20% of which will be affordable. Amenities will include a fitness center, a yoga studio, a dog run, and a landscaped outdoor terrace.

http://www.6sqft.com/wp-content/uplo...Elevations.jpg



http://www.6sqft.com/wp-content/uplo...-SIte-Plan.jpg

[NYguy]

In the forefront...


ericles1976

[Tectonic]

They're building so much garb in Brooklyn. Manhattan at least has the Highline area, Hudson Yards and 57th....

[chris08876]

Steiner looking for $300M to build residential tower in Brooklyn

Doug Steiner wants more Brooklyn action.

Steiner’s firm, Steiner NYC, is looking for $300 million in construction financing to build a residential rental building at Flatbush Avenue and Schermerhorn Street, according to the New York Observer.

In 2011, Steiner NYC bought four parcels — including 350 Livingston Street — in Brooklyn for $30 million. In prior interviews Steiner said he planned to build a 52-story, 720-unit tower there for roughly $350 million.

The Steiner family planned to invest $100 million in the project in 2012, while Steiner would fund the rest of the project through the city’s 80/20 program. The 80/20 program requires at least 20 percent of the units to be affordable. It looks like that funding fell through, however, because Steiner is now looking to raise capital with representation by Jones Lang LaSalle.

==================================
July 11, 2014
http://commercialobserver.com/2014/0...fp=3131269886/

[NYguy]

Originally Posted by chris08876

Steiner looking for $300M to build residential tower in Brooklyn

He'll get it.

[NYguy]

This is why he'll get his money. Brooklyn hungers for this...


http://ny.curbed.com/archives/2014/0..._75_leased.php

Brooklyn's tallest tower at 388 Bridge Street is now 75-percent leased. The 378-unit building has 234 rental apartments, 104 condominiums, and 40 penthouses. The 55 remaining apartments range in size from 491 square feet to 1,166 square feet, and in price from $2,730 to $2,970 per month for a studio, $3,340 to $3,840 per month for a one-bedroom apartment and $4,975 to $5,995 per month for a two-bedroom apartment.

[KevinFromTexas]

I like the shape of this tower, but I'm not sure about the facade colors. I think it would have looked better with a solid color.

[NYguy]

^ Maybe they'll surprise us a little.


I don't recall if this is another rental, or condo, or combination of both, but Brooklyn's hot either way. I still feel this will be the next one to go vertical...


http://nypost.com/2014/07/16/forget-...ondos-booming/

Forget rentals, Downtown Brooklyn condos booming




Michelle Lipchin checks out the view from 388 Bridge St., a new condo/rental hybrid in Downtown Brooklyn. She is buying a one-bedroom there.


By Max Gross
July 16, 2014

“The first two weeks were a gold rush.”

That’s how William Ross of Halstead described the pace of sales at 388 Bridge St., the 53-story rental/condo tower in Downtown Brooklyn that put its condos on the market in June.

Since then, 42 of the 60 units on the market have contracts out. (The building will have a total of 144 condo units when all are released, alongside 240 rentals, which are about 75 percent occupied.) The condos have been moving at around $1,150 to $1,200 per square foot — with the unreleased penthouses expected to go for $1,600 to $2,100 per square foot.

“We’re thinking of raising prices again,” says Ross. “We’ve raised prices twice already.”

These condos have attracted young and old; families and singles — everybody who wants one elusive thing: To buy in Downtown Brooklyn, where rentals have reigned supreme in recent years.

“There’s very little to buy,” says Michelle Lipchin, who, while living at the Brooklyner, a 491-unit rental, decided she wanted to purchase something in the area. She looked at a few lackluster resales until she found a roughly 700-square-foot one-bedroom unit at 388 Bridge that she’s now in contract for.

“Downtown Brooklyn was largely rental-driven since Lehman Brothers fell,” says Doug Bowen of Core. Prior to that, condos like Toren and 110 Livingston took root, but when the market crashed, developers stuck with the safer investment. “Most of the development — especially anything of size like the Brooklyner, or [the upcoming] Avalon Bay — was rental.”

But perhaps 388 Bridge signals a change — are developers in Downtown Brooklyn going to start turning once again to condos?

[chris08876]

333 Schermerhorn Street Still Waiting for The Hub to Rise

The original late-2014 completion date is certainly off the table at this point for The Hub at 333 Schermerhorn Street, once set to be Brooklyn's tallest tower. (With the height on the most recently approved plans listed at 577 feet, it won't quite beat 388 Bridge Street or the impending Avalon Willoughby West.) All that talk is putting the cart before the horse, however, because The Hub's current height appears, in a couple of construction site photos taken this weekend, to be holding steady at zero feet. The new anticipated completion date, according to on-site signage that YIMBY spotted back in May, is 2017.

================================
September 15, 2014
http://ny.curbed.com/archives/2014/0...ub_to_rise.php

[manchester united]

53 ( not 44 ) floors !!!

[chris08876]

Credit: Tectonic ; http://www.yimbyforums.com/t/new-yor...44-floors/73/2

[sparkling]

Steiner’s Residential Tower Gets $390M Construction Loan

GUELDA VOIEN
2/05/2015

The tower once slated to be Brooklyn’s tallest is one step closer to completion—Douglas Steiner nabbed a $390 million construction loan for The Hub at 333 Schermerhorn Street, Mortgage Observer has learned.

The residential rental tower was first announced in 2012, a time when, somehow, the site at Schermerhorn and Flatbush Avenue was still described as “gritty” by The Wall Street Journal, despite its straddling the tony Fort Greene and Boerum Hill neighborhoods.

Nowadays, that locale feels positively luxe, and the cool $390 million Mr. Steiner just sourced ought to help it become even more so.

Bank of America provided the first mortgage, with private equity firm Apollo Management’s real estate arm, Apollo Global Real Estate, providing subordinate debt, a source close to the deal said. Neither lender responded to a request for comment. The source said the four-year loan has a Libor-based rate.

Those funds should enable the 54-story tower to grow, although by the time it’s done it will be beaten to the height record by Avalon Willoughby and 388 Bridge Street, according to a report from Curbed.

Mr. Steiner, the movie studio mogul behind Steiner Studios, bought the parcel for $30 million in 2011.

“BofA has done deals in our submarket, so they really understand our location and product, and share our enthusiasm for what we both expect to be one of the best buildings in New York City,” he told MO via email. A Bank of America representative did not respond to requests for comment before press time and a call to Apollo was not returned.

The unnamed source said JLL’s Aaron Appel, Jonathan Schwartz and Michael Diaz worked on the deal. JLL representatives were not immediately available for comment.

The website Yimby projects a completion date in 2017 for The Hub as of last month