Dumbo NYC

The DUMBO 1st Thursday Gallery Walk on Thursday. DUMBO 1st Thursday features area galleries and artists’ studios, open from 5:30 to 8:30, on the first Thursday of each month. There is no admission fee - participating galleries are open to the public. Gallery receptions, neighborhood dining and bars, and live music add to the evening’s festivities:

May 1, 2008 First Thursday Participants include, but are not limited to the following list. Please check with each gallery to confirm that they will be open late on Thursday.

5+5 Gallery, 111 Front St., Suite 210
Aswoon Gallery, 14 Jay St.
Brooklyn Arts Council, 111 Front St., Suite 218
Byrd Hoffman Watermill Foundation, 111 Front St.
DUMBO Arts Center, 30 Washington St.
GalleryQB, 163 Plymouth St.
Gloria Kennedy Gallery, 111 Front St., Suite 222
Henry Gregg Gallery, 111 Front St., Suite 226
Klompching Gallery, 111 Front St.
Melville House, 145 Plymouth St.
Nelson Hancock Gallery, 111 Front St., Suite 204
Oil Drum Art, 111 Front St.
Pochron Studios, 20 Jay St.
Powerhouse Books & Powerhouse Arena, 37 Main St.
Pratt Institute, 111 Front St.
Rabbithole Studio, 33 Washington St.
Robert Wilson/rw Work Ltd, 111 Front St.
Safe-T Gallery, 111 Front St., Suite 214
Smack Mellon, 93 Plymouth St. @ Washington Street
Spring, 126a Front St.
Tivoli Home, 111 Front St., 1st floor
Umbrage Gallery, 111 Front St.
VII DUMBO, 28 Jay St.
Wessel + O-Connor Fine Art, 111 Front St., Suite 200

This week’s issue of Time Out NY takes a look at buildings in NYC built as condos converted to rental buildings. We saw both 99 Gold Street and 133 Water Street go rental last spring. In the midst of a subprime-mortgage meltdown, overbuilding, and an increase in inventory of condos, condo developers are turning to rentals for several reasons. Developers who believe in a neighborhood will hold on to some rentals to keep a revenue stream coming in the future, betting on a rebound once the market gets hot again, or sell them later once an area becomes gentrified. Jed Walentas of Two Trees Management, was quoted and said “Our mission and our objective is to build rentals,” Walentas says (though his company does own three other condo properties, in Dumbo). “We like to own our real estate and invest in areas we really believe in.” Two Trees also intends to keep some units in their 110 Livingston Street building as rentals.

Current rentals at 99 Gold and 133 Water from aptsandlofts.com:

{The new switcheroo, 29Apr2008, Time Out NY}
{99 Gold Withdrawing Offering Plan, Turning to Rentals, 25Apr2007}
{133 Water Street Received Their TCO, 16May2007}

(Photo courtesy of joshderr)

The following are selected links from this past week on blogs and websites with discussion about Dumbo (and its neighboring areas):

• 181 York Street, 23Apr08, Brownstoner
• Brooklyn Bridge Park goes forward, 26Apr08, Brooklyn Paper
• Tucker Reed Going to Baghdad, 26Apr08, Brooklyn Paper
• Work From NewsGroper, 23Apr08, gothamgazette.com
• Dumbo’s Puddle Blog, 26Apr08, Brooklyn Paper
• 2008 Bklyn Designs Unfolds, 24Apr08, NY Times
• Natural Selection Moves to Galapagos, 22Apr08, Gothamist
• Halcyon Review, 21Apr08, Daily Session
• Sun’s Review of The Walworth Farce, 21Apr08, NY Sun
• 30 Orange Street, 22Apr08, Brownstoner
• Waterfall Art Project, 22Apr08, Brownstoner

Rent check is a scan of some current rentals in Dumbo listed by building. Today’s post looks at 85 Adams Street (aka Beacon Tower).

3 bedroom, 2 bath, 1785 sqft Penthouse for $9000. This unit was featured on DumboNYC in October for sale and is still on the market for purchase (price lowered since from $3,390,000 to $2,999,990) but can also be a rental. [Corcoran]

2 bedroom, 2 bath, 1165 sqft, 16th floor for $5500. [Corcoran]

1 bedroom, 1 bath, 847 sqft unit for $2950. [Corcoran]

Enjoy signature dished from the hippest restaurants in Brooklyn and stellar wine and spirits from New York and beyond. Eat, Drink, and Be Hopeful is Brooklyn’s premier food and wine tasting with a cause - join us for great food, great wine, and great company!

Tuesday, May 20th, 2008
Tobacco Warehouse
26 New Dock Street, DUMBO Brooklyn

• VIP - $125 VIP Reception 6-7pm with special tastings & celeb guests, 7-10 food & wine tasting, 6 lucky raffle tickets & gift bags.
  The VIP reception will be hosted by Brooklyn’s own Daisy Martinez and Darrin Siegfried.
• Premium - $100 - 7-10pm food and wine tasting, 4 lucky raffle tickets
• General Admission - $75 - 7-10pm food and wine tasting

To buy tickets go to http://community.acsevents.org/eatdrinkandbehopefulNY or by phone call Jessica 718-986-9770.

Previously: {Food and Wine Event: Eat, Drink, & Be Hopeful!, 1June2007}

“The Price of Money” by Lewis Lapham

National Correspondent, Harper’s Magazine
Founder, Lapham’s Quarterly

Thursday, April 24th
Come at 1:00pm
Talk at 1:15 with a Q&A to follow

At The Melville House Bookstore
145 Plymouth Street, Brooklyn, NY 11201 (at the corner of Plymouth and Pearl)
A/C to High Street; F to York
Call 718-722-9204 for more info

Some neighbors have emailed about recent car break-ins in the past week. There have been several windows (”three or four”) smashed on York Street near Washington Street and on Jay Street between York and Front Street. Be on the lookout for suspicious activity and call the 84th Precinct (718-875-6811 (store this number in your cell phone)) or 911 if you witness any crimes.

Tonight at Water Street Restaurant:
Comedy Night Tuesday

Tuesday, April 22, at 8pm in the UnderWater Lounge

OrganicFunny.com Presents:

“Comedians With Beards”
Stand-up Comedy with facial hair!

Featuring:
Jeff Lepine
Barry Rothbart
Kelly Dwyer
Dan St. Germain
Aalap Patel
John Patrick Wells

Come for the comedy
stay for the OrganicFunny.com Launch Party.
No Cover

Water Street Restaurant & Lounge
66 Water Street, Dumbo Brooklyn

[DumboNYC.com is on vacation for the week. In the meantime, check out some of the many events happening in Dumbo. Have a great week!]

In conjunction with the Brooklyn Arts Council International Film Festival, the group exhibition New Media Installations is presented in three gallery spaces in DUMBO, Brooklyn, highlights the work of media installation artists, and puts a spotlight on experimental filmmaking. Participating artists include Christopher Arcella, Grady Gerbracht, Claudia Vieira, Shaun Irons, Lauren Petty, and Jessica Ann Peavy. Works are on view at BAC Gallery (April 24 – May 15), Studio 224 (April 24 – May 5), and Goloborotko’s Studio (April 30 - May 7, 2008).

Opening Reception: April 24, 6 - 9pm BAC Gallery, 111 Front Street, Suite 218

More info: brooklynartscouncil.org.
(Image Above: Still from underLINE directed by Grady Gerbracht and Claudia Vieir )

[DumboNYC.com is on vacation for the week. In the meantime, check out some of the many events happening in Dumbo. Have a great week!]

(Photo courtesy of rcherubin)

The following are selected links from this past week on blogs and websites with discussion about Dumbo (and its neighboring areas):

• Troubled bridges over ‘park’ water, 19Apr08, Brooklyn Paper
• NY Photo Festival, 13Apr08, photoshelter.com
• St. Ann’s The Walworth Farce, 18Apr08, NJ.com
• Goodbye Tucker Reed? Dumbo BID Looking for New Boss, 14Apr08, McBrooklyn
• Brooklyn Must-Do: Almondine, 13Apr08, bigcitylittlekitchen.com
• Regina Myer, Brooklyn Bridge Park president, 19Apr08, Brooklyn Paper
• Crowded PS 8 to be a trailer park, 19Apr08, Brooklyn Paper
• Downtown’s 84th Pct. Is ‘2nd Safest Precinct in City’, 18Apr08, Brooklyn Daily Eagle
• St. Ann’s rep grows in Brooklyn, 18Apr08, Variety
• Walworth Farce Review in NY Times, 19Apr08, NY Times
• Southpaw owner to take over Galapagos space, 16Apr08, Time Out
• Tom Otterness Lands in DUMBO, 15Apr08, theartseen.net
• Greening of Dumbo, 13Apr08, metro Green
• Dumbo People, 13Apr08, Brooklyn Daily Eagle
• Hot Job: Dumbo BID ED, 13Apr08, Crain’s
• Bklyn Designs 2008, 13Apr08, dexigner.com