HomeDiagramsDatabaseMapsForumSkyscraper Posters
     

Go Back   SkyscraperPage Forum > Global Projects & Construction > Skyscraper & Highrise Construction

Reply

 
Thread Tools Display Modes
     
     
  #21  
Old Posted Apr 5, 2017, 10:32 PM
yankeesfan1000 yankeesfan1000 is offline
Registered User
 
Join Date: Aug 2010
Location: 10014
Posts: 1,560
3.1% vacancy rate?? Is zoning in Downtown Brooklyn mostly geared towards apartments?
Reply With Quote
     
     
  #22  
Old Posted Apr 6, 2017, 12:28 AM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 36,702
Quote:
Originally Posted by yankeesfan1000 View Post
3.1% vacancy rate?? Is zoning in Downtown Brooklyn mostly geared towards apartments?

It isn't, demand for apartments has been strong, and developers find an easier route that way. But things are finally moving the way the city intended.
__________________
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #23  
Old Posted Apr 6, 2017, 4:40 AM
scalziand's Avatar
scalziand scalziand is offline
Mortaaaaaaaaar!
 
Join Date: Aug 2007
Location: Naugatuck, CT/Worcester,MA
Posts: 3,464
Yes, I remember a while back when DoBro was supposed to be the relief valve for pent up office demand from the "built-out" midtown and downtown districts. Then Hudson Yards and the midtown rezoning happened.
Reply With Quote
     
     
  #24  
Old Posted Apr 7, 2017, 3:30 AM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 36,702
Quote:
Originally Posted by scalziand View Post
Yes, I remember a while back when DoBro was supposed to be the relief valve for pent up office demand from the "built-out" midtown and downtown districts. Then Hudson Yards and the midtown rezoning happened.
It's the same case as Long Island City. For years, the city has been pushing both locations as a "backup" to Mid and Downtown Manhattan, something to compete with the outer offices popping up in New Jersey. The Hudson Yards and Midtown rezoning happened years after, and are really for different purposes (the companies you see signing in Midtown Manhattan and Downtown for corporate offices were never intended to move to LIC or BK).

But the wrench in the BK and LIC plan was the explosion of residential development, which still continues today. However, its that residential development (and the changes that come with it) that made both areas more attractive for office space, and now the planning is starting to take shape. Brooklyn's low office vacancy rate has developers taking note.
__________________
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #25  
Old Posted Apr 7, 2017, 3:36 AM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 36,702
Also, I think I should clarify that this is the expansion on Macy's itself, and not the tower that will rise on the garage site (11 Hoyt),
which is a later phase of the project still in development. But I do like what I see here.






https://www.6sqft.com/plans-revealed...rooklyn-macys/













http://www.thewheelerbk.com/
__________________
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.

Last edited by NYguy; Apr 7, 2017 at 3:55 AM.
Reply With Quote
     
     
  #26  
Old Posted Apr 10, 2017, 8:25 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 36,702
https://therealdeal.com/2017/04/10/t...condo-project/

Tishman Speyer seeking $376M loan for DoBro condo project
Developer is planning a 477-unit building at 11 Hoyt Street




April 10, 2017


Quote:
Tishman Speyer is in the market for a large construction loan for its Downtown Brooklyn condominium project at 11 Hoyt Street.

The developer is seeking $376 million in financing to build 477 condos next to the Macy’s department store, according to Commercial Mortgage Alert.

Tishman wants a floating-rate loan with a five-year term including options to extend. Its leverage is around 55 percent, pegging the development’s total cost at $685 million.

The condo development would also feature 41,000 square feet of retail space, approximately 55,000 square feet of indoor and outdoor amenities and 150 parking spaces. Tishman is shooting for a total sellout of $1,760 per square foot, CMA reported, citing an unnamed source.

In 2015, Tishman paid $170 million for the upper levels of Macy’s Downtown Brooklyn location at 422 Fulton Street, air rights and the store’s parking garage at 11 Hoyt Street.

The development at 422 Fulton Street, a creative hub spanning 620,000 square feet with an acre of outdoor space, will be ready for occupancy in mid-2019. HNA Group, the Chinese conglomerate behind the $2.2 billion deal for 245 Park Avenue, is backing that project, known as the Wheeler.
__________________
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #27  
Old Posted Apr 11, 2017, 2:17 PM
Crawford Crawford is offline
Registered User
 
Join Date: Nov 2003
Location: Brooklyn, NYC/Polanco, DF
Posts: 15,731
Sounds good. Another major condo tower for downtown BK. Bring it on!
Reply With Quote
     
     
  #28  
Old Posted Apr 11, 2017, 3:01 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 36,702
Such a change from when I used to work in the area, especially with the addition of City Point and the other residential towers. This is an area that can support large towers, both residential and office, so its long overdue.
__________________
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #29  
Old Posted Apr 11, 2017, 8:17 PM
O-tacular's Avatar
O-tacular O-tacular is offline
Fake News
 
Join Date: Jul 2008
Location: Calgary
Posts: 15,378
So has 2 WTC started a new building toppling over trend?

Quote:
Originally Posted by NYguy View Post


__________________
Those who can make you believe absurdities can make you commit atrocities. - Voltaire

https://clockzillakingoflaval.tumblr.com
Reply With Quote
     
     
  #30  
Old Posted Apr 11, 2017, 10:12 PM
chris08876's Avatar
chris08876 chris08876 is offline
1000 µg = 2D Mandelbrot
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 22,442
That 2nd night rendering looks like a scene out of watchdogs.
Reply With Quote
     
     
  #31  
Old Posted Apr 12, 2017, 2:21 AM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 36,702
Quote:
Originally Posted by O-tacular View Post
So has 2 WTC started a new building toppling over trend?
That's an old concept image. The shorter building above is what will rise on that site...


__________________
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #32  
Old Posted Jun 5, 2017, 11:51 PM
chris08876's Avatar
chris08876 chris08876 is offline
1000 µg = 2D Mandelbrot
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 22,442

Credit: JC_Heights
Reply With Quote
     
     
  #33  
Old Posted Jun 6, 2017, 3:06 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 36,702
I really want to see the planning for what will get built here.

In this video clip, you can see where this will rise at about the 1 minute mark.


Video Link
__________________
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #34  
Old Posted Aug 17, 2017, 2:14 AM
chris08876's Avatar
chris08876 chris08876 is offline
1000 µg = 2D Mandelbrot
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 22,442

Credit: JC_Heights
Reply With Quote
     
     
  #35  
Old Posted Sep 19, 2017, 8:20 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 36,702
https://ny.curbed.com/2017/9/19/1633...-garage-condos

Macy’s Downtown Brooklyn parking garage may be replaced by a 51-story tower
The site is part of Tishman Speyer’s $270M Macy’s redevelopment


BY ZOE ROSENBERG
SEP 19, 2017


Quote:
Steve Powers’s “Love Letter to Brooklyn” is gone, and the Downtown Brooklyn parking garage it adorned is too. As if no one saw this coming, the site bound by Fulton, Hoyt, and Livingston streets and Elm Place is being prepared for its new life as home to a 51-story residential building, courtesy of Tishman Speyer. Brownstoner first spotted the filings with the Department of Buildings.

Plans filed last week by architect Hill West indicate that, if approved, the tower will stand 664 feet—taller than The Hub, the borough’s current tallest building, but shorter than the planned supertall at 9 Dekalb—and include 476 condos. The building will also have about 100,000 square feet of retail space.

The building’s 586,000 square feet of residential space will also include amenities a second-floor swimming pool, a squash court, a sauna, and pet care facilities. The building is also poised to have an enclosed parking garage with 150 spaces.

The project is part of Tishman Speyer’s $270 million redevelopment of Downtown Brooklyn’s Macy’s. The group has already unveiled plans for The Wheeler, the creative office hub that will occupy the ten-story glass addition that’s coming to the historic Macy’s building.

Tishman Speyer declined to comment.
__________________
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #36  
Old Posted Sep 19, 2017, 8:23 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 36,702
__________________
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #37  
Old Posted Sep 23, 2017, 6:21 PM
chris08876's Avatar
chris08876 chris08876 is offline
1000 µg = 2D Mandelbrot
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 22,442
Good to see this development. Solid infill. Tishman Speyer has a great track record of making things happen.
Reply With Quote
     
     
  #38  
Old Posted Sep 23, 2017, 7:43 PM
antinimby antinimby is offline
Registered User
 
Join Date: Sep 2006
Location: In syndication
Posts: 2,037
^ But not the best designs. Expect an unimaginative box.
Reply With Quote
     
     
  #39  
Old Posted Sep 24, 2017, 2:32 AM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 36,702
It would be nice to see something that stands out, even if it is a box in general. It would be among the 5 tallest in Brooklyn (It'll probably push closer to 700 ft or so). I worked at that Macy's a long time ago, so it's nice to see all of the development taking place, even though that area has never been "dead".
__________________
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #40  
Old Posted Nov 23, 2017, 12:42 AM
chris08876's Avatar
chris08876 chris08876 is offline
1000 µg = 2D Mandelbrot
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 22,442
JPMorgan in talks to provide $375M loan for Tishman Speyer’s 11 Hoyt project

Quote:
A group led by JPMorgan Chase is negotiating to provide a roughly $375 million construction loan for Tishman Speyer’s Downtown Brooklyn condominium project next to the Macy’s department store, sources told The Real Deal.

JPMorgan would lead the financing for 11 Hoyt Street and likely syndicate part of the debt to other lenders, sources said. Tishman Speyer began searching in April for a floating-rate loan with a five-year term and an option to extend. Sources said the bank is very close to signing a term sheet.

The total project cost has been pegged at $685 million, putting the loan-to-value ratio at around 55 percent. Plans call for 475 condos, 150 parking spaces, 41,000 square feet of retail and 55,000 square feet of indoor and outdoor amenities. The developer filed an offering plan with the New York state Attorney General’s office last month and, according to Commercial Mortgage Alert, is projecting a sellout of $1,760 per square foot for the apartments.

The firm paid a combined $170 million in 2015 for the Macy’s parking garage, air rights and the upper levels of the store.
=====================
https://therealdeal.com/2017/11/22/j...-hoyt-project/
Reply With Quote
     
     
This discussion thread continues

Use the page links to the lower-right to go to the next page for additional posts
 
 
Reply

Go Back   SkyscraperPage Forum > Global Projects & Construction > Skyscraper & Highrise Construction
Forum Jump


Thread Tools
Display Modes

Forum Jump


All times are GMT. The time now is 8:35 PM.

     

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.