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  #1  
Old Posted Feb 7, 2013, 7:56 PM
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Smile NEW YORK | 626 Flatbush Avenue | 236 FT | 23 FLOORS

http://therealdeal.com/blog/2013/02/...prospect-park/

Hudson Companies plans 254-unit residential tower near Prospect Park
Developer has not yet closed on Flatbush Avenue site






February 07, 2013
By Katherine Clarke

Quote:
Hudson Companies, the development firm behind the Riverwalk neighborhood in Roosevelt Island, is keeping a hand in the game in Brooklyn. The company, which previously developed projects such as Third + Bond and the J Condominium at 100 Jay Street, has filed plans to build a 254-unit mixed-use building at 626 Flatbush Avenue in Prospect Lefferts Gardens, according to Department of Buildings records.

Hudson submitted plans for the 23-story tower to the city agency earlier this month but has not yet received any official permits. The architect of the project is listed in records as Jonathan Marvel of Rogers Marvel Architects, the same firm behind the controversial design of a 159-unit housing complex and 200-room hotel on Pier 1 at Brooklyn Bridge Park.

The company signed a contract of sale for the Flatbush Avenue development site in March 2012, according to public records, but has not yet closed on the site. The property, which was marketed by Ariel Property Advisors and is located between Parkside Avenue and Lincoln Road, is an L-shaped lot. The listing price was not available.

The site’s current owner, William Cordero, fell upon hard times financially at the site, filing for Chapter 11 bankruptcy protection early last year, court records show. Cordero listed his sole asset as the 30,000-square-foot, five-unit commercial building on the Flatbush site. The creditor with the largest secured claim against the property was AIA Capital, which was reportedly owed $6 million.

While it appears that Cordero has now exited bankruptcy, Hudson may have to wait for bankruptcy court approval before it’s permitted to close on the site.

Ariel Property Advisors declined to comment on when the deal for the property would close. Hudson Companies did not respond to requests for comment. A phone number for Rogers Marvel did not appear to be in use.
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  #2  
Old Posted Feb 7, 2013, 8:12 PM
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http://a810-bisweb.nyc.gov/bisweb/Jo...ssdocnumber=01



Should be views over Prospect Park....










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Old Posted Mar 4, 2013, 8:27 PM
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http://therealdeal.com/blog/2013/03/...ment-mock-ups/

Hudson Companies, DDG partner with architecture students on development mock-ups

March 04, 2013
By Hayley Kaplan

Quote:

DDG Partners and Hudson Companies have partnered with architecture students at the University of Virginia, who will put together plans for one of each developer’s residential sites in New York City. UVA’s “vertical neighborhoods” undergraduate class met the developers for the first time Sunday night at a cocktail party hosted by The Real Deal’s Amir Korangy, who put the companies in contact with the class.

Hudson and DDG each chose one of their sites to show the students — DDG’s 353 West Broadway, a former Tootsie Roll factory in Soho that is being converted into luxury condominiums, and Hudson’s new 23-story rental building at 626 Flatbush Avenue in Prospect Lefferts Gardens, Brooklyn. The 25 students will tour the development sites today.

David Kramer, a principal at Hudson, explained to the students at The Real Deal-sponsored event just how different the two projects are — one being in the center of Manhattan, the other in a “transitional” neighborhood of Brooklyn — and emphasized that the difference affects how developers tackle projects.

“What does a developer do? A developer says, ‘I think I can make this work. I think that with these land prices and with these construction costs and these kinds of rents I can make a decent return,’” Kramer told the students, their two professors and other guests gathered at Korangy’s loft in Midtown West.

Although it won’t be possible for the developers to actually use the students’ completed designs (due to timing and the myriad of hoops that architects and developers have to jump through to get certain regulations approved), Ghazal Abbasy-Asbagh, the students’ architecture professor at UVA, still hopes to provide something of a real-world experience.

The students had spent the weekend exploring Soho and Prospect Lefferts Gardens ahead of their formal tours of the two sites—“hardhats” and all, McMillan said....The students plan to complete the plans by early May, when their semester ends. McMillan and Kramer hope to visit the campus in Charlottesville, Va., for the students’ presentations.
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Old Posted Jun 10, 2013, 10:54 PM
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http://commercialobserver.com/2013/0...dens-brooklyn/

Hudson Companies Closes on Residential ‘Game Changer’ for Prospect Lefferts Gardens, Brooklyn





By Al Barbarino
June 10, 2013

Quote:
Hudson Companies has closed on a development site at 626 Flatbush Avenue in the Prospect Lefferts Gardens section of Brooklyn, where the developer plans to build a 23-story, 254-unit rental building one block east of Prospect Park, The Commercial Observer has learned.

Ariel Property Advisors arranged the $11 million sale of the development site, which the buyer entered into contract on last year, and brokers who arranged the sale are calling it a “game changer” for the neighborhood.

“Prospect Lefferts Gardens is one of the lesser-developed areas that has the most potential because there is a subway is right there, the architecture is beautiful, and access to the park is easy,” Jonathan Berman of Ariel Property Advisors, who exclusively represented the buyer and seller with Shimon Shkury, Michael Tortorici, and Victor Sozio, told The Commercial Observer.

The property features 100 feet of frontage on Flatbush Avenue and a roughly 52,265-square-foot rear parking lot. It is located near the Prospect Park Zoo, Brooklyn Botanic Garden, and two blocks from the B, Q and S subway lines. Hudson Companies has agreed to set aside 20 percent of the units for affordable housing.

“There are so many things going in this neighborhood that the time is right for development,” Mr. Berman said. “Prices in the area for development sites are going up and larger developments are being picked up by developers.”

The deal had to overcome several major hurdles before closing, including resolving an easement issue and relocating several commercial tenants, one of which has already moved, and two others that will relocate in the coming weeks.

In response to demand in underdeveloped areas of Brooklyn, Ariel Property Advisors is expanding its Brooklyn operation and has added additional brokers to its sales team.

“Exciting things are happening in Brooklyn, as rental and condo values are quickly catching up with Manhattan,” said Shimon Shkury, president of the firm, in a statement.
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Old Posted Jun 10, 2013, 10:59 PM
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I wonder what the noise is like with the exposed track of the Q being adjacent to the site.
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  #6  
Old Posted Jun 11, 2013, 12:14 AM
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Originally Posted by vandelay View Post
I wonder what the noise is like with the exposed track of the Q being adjacent to the site.
You can generally hear subway noise from blocks away, at least on the elevated lines. But I don't think that would be a concern of anyone.
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Old Posted Jun 11, 2013, 12:23 AM
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I Live about a block from this site and you can hear the subway a night sometimes. It's not disturbing though. I think this building will surprise a lot of people in the neighborhood. I lot of people were against the one on Lincoln Rd next to the subway station. This one is flying under the radar. Always thought that lot was a great development site but not so soon.
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  #8  
Old Posted Jun 11, 2013, 12:48 AM
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I wonder if towers will now start to rise along Flatbush, heading down Brooklyn's spine.

There are already a few 60's era towers along Flatbush up near the park, and then again a few more towers south near Brooklyn College.
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Old Posted Jun 11, 2013, 2:11 AM
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In this area, maybe only along the western side, the trains are close. Some of the eastern side of Flatbush is landmarked.

Heres the front of the site from earlier this year.

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  #10  
Old Posted Jun 11, 2013, 1:17 PM
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Nice shot. Brooklyn should see more residential highrises sprinkled around and not just concentrated in the downtown area. I'm talking 20 to 30 story range, nothing Manhattan scaled.
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  #11  
Old Posted Aug 2, 2013, 12:16 PM
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Parking lot is now closed as well as the other tenants.



Nothing on the website yet but I don't expect anything better than this

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Old Posted Aug 2, 2013, 2:21 PM
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Hmm. Gamechangery.
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Old Posted Aug 2, 2013, 2:25 PM
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I think it'll be glass.
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  #14  
Old Posted Aug 2, 2013, 7:41 PM
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^ Could be. I think they'll really try to push the park views.
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Old Posted Aug 2, 2013, 10:34 PM
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Well Olmsted thought Prospect Park was his (and Vaux's) masterpiece, so I suppose it also deserves some residentials tall enough to give it's tenants views over the surrounding area.
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Old Posted Oct 3, 2013, 2:24 PM
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http://ny.curbed.com/archives/2013/1...spect_park.php

This 23-Story Rental Will Rise One Block From Prospect Park





October 2, 2013
by Jessica Dailey

Quote:
When Hudson Companies announced plans for a 254-unit rental building in Prospect-Lefferts Gardens, brokers called the building a game-changer, even without seeing renderings. But now more details have been revealed, and they might be right.

The Q at Parkside spotted a rendering for the building by Marvel Architects, the same firm behind the McCarren Pool renovation, 9 Townhouses, and Pierhouse at Brooklyn Bridge Park. Located one block from Prospect Park at 626 Flatbush Avenue, the 23-story rental tower would sit about 100 feet back from the street, with a "mews-like" alley leading to the entrance. The shorter building along the street would hold retail and a rooftop terrace, and 20 percent of the 254 apartments would be affordable.

The property is currently occupied by medical offices and a parking lot. The tower would rise on the parking lot, which abuts the below-grade subway tracks that run between Ocean and Flatbush Avenues. The apartment buildings that face Prospect Park along Ocean Avenue sit at six-story tall, so the new tower would have unobstructed views of the park. The medical offices are being demolished to makeway for the new retail component.
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Old Posted Oct 3, 2013, 4:03 PM
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uh, do they really need to create a new road??
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  #18  
Old Posted Oct 3, 2013, 8:14 PM
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No big surprise with the design here.
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Old Posted Oct 3, 2013, 9:18 PM
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Originally Posted by easy as pie View Post
uh, do they really need to create a new road??
Probably because the main tower sits back from the street.



Quote:
The apartment buildings that face Prospect Park along Ocean Avenue sit at six-story tall, so the new tower would have unobstructed views of the park.
Those views should be pretty nice.
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Old Posted Oct 4, 2013, 12:02 AM
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Another rendering via Curbed:

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