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  #1  
Old Posted Feb 13, 2019, 2:22 PM
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Smile NEW YORK | 960 Franklin Avenue | 424 + 421 | 39 + 39 FLOORS (1.4 mil-sqft)

Multi-Towered Mega-Project Revealed At 960 Franklin Avenue In Crown Heights, Brooklyn



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Recent proposals to the New York City Department of City Planning could facilitate the construction of a 1.4 million square foot, mixed-use project in Crown Heights, Brooklyn. If approved, the massive plan could yield one of the community’s largest-ever developments.

The assembled parcels, referred to simply as 960 Franklin Avenue, were purchased in a partnership by Bruce Eichner’s Continuum Company and Joel Bergstein’s Lincoln Equities. Further funding for the project would be sourced from a combination of state and federal programs for affordable housing developments in addition to privately acquired capital.

Located just East of the Brooklyn Botanical Garden and Prospect Park, the development would include the construction of two mixed-use buildings to be completed in two distinct phases.

The first phase would begin as early as January 2021 with anticipated completion by September of that same year. If approved, building one would rise 39 stories, or about 421 feet, at the southern end of the project site. The building would comprise 705,652 square feet and contain 810 residences. A total of 405 units would let as affordable homes.

The first building would also contain 9,641 square feet of retail area and 113 parking spaces.

The second phase could begin as early as October 2021 and wrap up by April 2024. This structure would also comprise 39 stories, but top-off slightly higher at 424 feet. The building would comprise 663,662 square feet and contain 768 units. Given the total number of proposed affordable units in the entire development, it can be assumed this phase would include 381 affordable homes.

The second phase would also include 11,542 square feet of retail, 9,678 square feet dedicated to a community facility, and 67 parking spaces.

In total, approximately 50% of residential area would let as affordable housing at tiered levels of income. That percentage amounts to about 790 units out of approximately 1,590 total residences.

The development would also introduce 50,258 square feet of open space divided between public and private residential use. Of that total area, about 18,000 square feet would be available to the public during daytime hours.

On March 12th, 2019, the development team is expected to present these proposals to the public, where members of the local community will be able to voice their opinions and concerns. If deemed appropriate, the developer would alter the proposals before submitting final plans to city agencies.

It remains to be seen how the city and community members will react to the new proposals. If approved by the Department of City Planning, full completion is expected by 2024.
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  #2  
Old Posted Feb 13, 2019, 5:27 PM
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The NIMBYs have been fighting plans for smaller towers in the area, so they'll be out in force against this.
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Old Posted Feb 14, 2019, 4:14 AM
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Yeah I could see a big fight over this. The ussual "to big for the city". "Overshadowing Brownstones"... that sort of rubbish.

But its a healthy amount of affordable units. Folks are always bitchin' about prices, yet when affordable units are proposed, they shun it. Can't win, a giant catch-22.
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Old Posted Feb 14, 2019, 4:44 PM
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Here are new details on Bruce Eichner’s megaproject in Crown Heights

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Bruce Eichner’s Continuum Company and Joel Bergstein’s Lincoln Equities are moving forward with plans for one of Crown Height’s biggest developments.

The new project, consisting of two 39-story towers at 960 Franklin Avenue, will span 1.4 million square feet and house more than 1,500 residential units, YIMBY reported. Of those units, roughly 790 would be rented as affordable.

The companies plan to construct the towers in two phases. Construction of the first building, which would have about 9,600 square feet of retail and 113 parking spaces, could start as early as January 2021, the outlet reported.

The second tower also would have retail space that would cover 11,542 square feet, plus parking and community space. The developers also plan to incorporate more than 50,200 square feet of open space into the project.

The New York City Department of Planning still has to approve the proposal, which will be presented to the public on March 12.

Eichner’s and Bergstein’s firms partnered together to buy the four parcels for the site at 960 Franklin Avenue, in 2017. At the time, the plans called for four buildings and Eichner said the project would cost more than $500 million. The developers paid $33 million for at least two of the lots, at 962 and 972 Franklin Avenue. It was not immediately clear if they also closed on two parcels at 124 and 130 Montgomery Streets.

Fortress Investment Group provided $35.4 million to the developers to buy the site and finance its rezoning.
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Old Posted Feb 18, 2019, 10:19 PM
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Crown Heights megaproject could bring 800 affordable apartments to Brooklyn

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A large and underutilized site near the Brooklyn Botanic Garden could sprout two 39-story towers with a massive affordable housing component if developers Continuum Companies and Lincoln Equities are granted the various city variances they’re seeking.

The development project, which takes the address of 960 Franklin Avenue but spans a 120,000 square foot site bound by Franklin Avenue, Montgomery Street, Mary Pinkett Avenue, and Sullivan Place, is currently seeking zoning amendments with the Department of City Planning that would allow the developers to increase the site’s density and build a mixed-use project with 1,578 apartments, of which a whopping 50 percent would be affordable.

The 1.4 million-square-foot development would not only be one of the largest in the area, but would also constitute a major advancement of affordable housing in Brooklyn. The developers are seeking to mandate the site as a Mandatory Inclusionary Housing area, where 30 percent, or 473, of the total apartments would be created as permanently affordable housing.

The Draft Scope of Work on file with the city notes that 60 percent of the affordable apartments would be earmarked for extremely low-income, very low-income, and low-income New Yorkers making less than 80 percent of the area median income annually. (For a family of one, that’s $58,480 or less, for two it’s $66,800 or less, and for three it’s $75,120 or less. A larger list of AMI figures can be viewed here.)

Of the remaining affordable apartments, 20 percent (or 158) would be set aside for New Yorkers making 100 percent of AMI and 20 percent (also 158) would go to New Yorkers making 120 percent of AMI. The developers are seeking to waive some of the site’s parking requirements in order to build the quantity affordable housing.


If the appropriate variances aren’t granted to the developers, any affordable apartments would likely come under the city’s new 421-a program, Affordable New York, which would mandate that just 20 percent of units are set aside for New Yorkers making 130 percent or less of AMI.

The development’s remaining 789 apartments would be market rate. Though the developers are far from sussing out specific pricing for the apartments, the Draft Scope of Work indicates that the estimated pricing for the apartments will fall around $50 per square foot, short of the estimated $65 per square foot cost of forthcoming new development in Brooklyn.
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Old Posted Feb 18, 2019, 10:19 PM
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Draft Scope of Work for an Environmental Impact Statement: https://www1.nyc.gov/assets/planning...scope-work.pdf
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Old Posted Feb 18, 2019, 10:25 PM
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Old Posted Feb 18, 2019, 10:36 PM
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This is a really great project all around. I hope they get all of it approved as is.
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Old Posted Feb 22, 2019, 1:38 AM
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http://gothamist.com/2019/02/21/crow...nt_shadows.php

'Monster' Crown Heights Development Reignites Fears Of Shadows Over Brooklyn Botanic Garden

BY ELIZABETH KIM
FEB 21, 2019


Quote:
Earlier this month, Continuum Company and Lincoln Equities filed applications with the city Department of Planning for zoning amendments that would allow them to build a 1.4 million square feet development containing 1,578 units of housing, half of which would be affordable, at 960 Franklin Avenue. One tower would rise to 421 feet, while the other would top off at 424 feet.
Quote:
The Garden and community activists have long been expecting the developers to roll out a mega-project. As early as 2017, Eichner had talked about building a complex of four buildings between 20 and 30 stories on the site.

Buildings on that particular block are currently not permitted to be greater than 80 feet, or seven stories in height, according to Reina-Longoria.

Alicia Boyd, one of the founders of Movement to Protect the People, a grassroots organization which has fought the spread of large developments in the neighborhood, called the project a "monster."

"This is a neighborhood where we have an average of four-stories," she said. "This is an unprecedented leap that this developer is taking."

In June, Boyd’s group commissioned a shadow analysis that showed that a 441-foot building, slightly taller than what the developers have planned, would cast shadows on portions of the Botanic Garden for significant durations of time in the morning and afternoon.
Quote:
Should the 960 Franklin Avenue plan be approved, it would be one of the largest residential complexes in Crown Heights, a neighborhood that has faced increasing development pressures. Amenity-laden rental buildings have been popping up in recent years, with brokers attributing the growth to developers trying to lure the Williamsburg crowd in advance of the now-canceled L-train shutdown. The monthly median asking rent in January was $2,400, up 4.3 percent over last year, according to Streeteasy.

Continuum would not be the sole developer to capitalize on a development site near the Garden. In December, the City Council approved a rezoning that will allow developers Cornell Realty Management and Carmel Partners to erect two 16-story rental towers near Franklin Avenue at 40 Crown Street and 931 Carroll Street. The project, which will sit across the street from the proposed 960 Franklin Avenue plan, will be comprised of 518 rentals, 140 of which would be below-market-rate. As part of a last-minute deal with Crown Heights’ City Councilmember Laurie Cumbo, the developers agreed to give a roughly 1,000-square-foot parcel of land to an affordable housing developer, who will build 118 units on the site.

In a move that raised eyebrows among some Garden members, officials at Brooklyn Botanical Gardens elected to not take a position on the Cornell project, saying that it was farther away and would have less impact on its green space.
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Old Posted Feb 22, 2019, 2:21 AM
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Old Posted Mar 19, 2019, 1:39 AM
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Green death: Proposed Franklin Ave. towers would kill half of Bklyn Botanic’s plants within a decade, expert claims



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Shadows cast by a proposed 39-story development in Crown Heights would destroy half of the Brooklyn Botanic Garden’s collection of rare and exotic plants within 10 years, according to one of the horticultural museum’s chief green thumbs, who urged members of the City Planning Commission to seriously consider the project’s shadow impact.

“The rezoning proposal would cause serious, tangible damage to the gardens,” Rowan Blaik, director of living collections at Brooklyn Botanic Garden, said during a Tuesday public-scoping meeting about the development.

Developer Continuum Company is seeking permission to rezone the property at 960 Franklin Ave., the site of an old spice factory, to pave the way for two 39-story mixed-use towers, which together would host a whopping 1,578 residential units split evenly between luxury and below-market-rate housing.

Garden honchos have for months claimed that the development will bathe the green space in as many as three hours of additional darkness per day. And Blaik stressed the effect those shadows would have on critical growing facilities located within the green space, which house a stunning 18,500 plants — including 150 endangered species — and are necessary to breed replacements for the approximately five percent of plants that die off naturally around the garden every year.

“These propagation and growing facilities are the heart of the garden,” said Blaik.

And because the garden’s grow houses heavily depend on sunlight to function, compromising their ability to soak up rays could result in a rapid, catastrophic loss of plant life, according to Blaik, who said that importing new plants — which could carry pests and diseases — to replace dead ones is not an option.

“Should we lose propagation growing facilities, more than half of our collection will be gone in a decade,” he said. “There are simply no commercial alternatives to on-site propagation facilities for botanic gardens.”

A spokeswoman for the builder, however, insisted that although it has yet to complete a full environmental-impact study of the project, early analysis shows that the development’s impact on the garden would be negligible, citing research conducted by Continuum’s own environmental experts.
================
https://www.brooklynpaper.com/storie...-03-15-bk.html
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  #12  
Old Posted Mar 19, 2019, 1:51 AM
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Quote:
Originally Posted by chris08876 View Post
...early analysis shows that the development’s impact on the garden would be negligible, citing research conducted by Continuum’s own environmental experts.
Lol, this should be illegal. I'm not usually one to give shadow complaints much credence, but this one - it's not looking good, folks.
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Old Posted Mar 19, 2019, 1:46 PM
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Another big issue they are claiming are how these towers will effect the migratory flight paths/patterns of some birds.
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