02/26/15 7:00am

coneyisland_overpass_beer

Coney Island Brewing Company introduced a beer inspired by “the legacy of Brooklyn as a haven for artists and homesteaders for the last forty years”, called Overpass IPA, a tribute to Dumbo.

From a press release dated January 27, 2015:

Overpass recognizes the artists, musicians and renaissance souls that staked claim and built a community Down Under the Manhattan Bridge Overpass (D.U.M.B.O.). Their creativity is embodied by the juicy citrus and tropical hop aromas in a deep golden, richly aromatic IPA.

“We wanted to bottle the essence of Brooklyn in our beers,” said Mike Sheehan, Coney Island Beer Ringleader. “With rich flavors, eclectic ingredients and a mix of both recognizable and subtle flavors, we hope people can really get a taste for the spirit of the borough.”

Coney Island Brewing Company’s Overpass is available at Foragers Market and at Bridge Fresh in Dumbo (other available locations: coneyislandbeer.com/find).

(This is not a sponsored post; we haven’t received or tried this beer, but if anyone has tried it, let us know what you think in the comments below).

02/25/15 6:24pm

177 Front Street

We received the following February 2015 update from Chris Havens, Vice President of Commercial Property at aptsandlofts.com.

The end of an era of views, brick and timber high floors and a great Brooklyn start up building! 10 Jay Street turns off their electric service April 1st and starts the conversion to residential use. 300,000 rsf of commercial leaves the market, hard on the heels of 1mm sf of prewar and other buildings in downtown Brooklyn.

Everyone knows about the Two Trees pricing move up, yet less visible are the new, higher asks east of the Manhattan Bridge. After forty years of plentiful ‘extra space storage’, I believe there will never again be enough commercial space for those who want to be here. This of course is the case almost everywhere in Brooklyn, which is now in real estate warp drive.

The Dumbo Heights development has two huge tenants in hand, with one taking their space over in several weeks, and is about to announce retail deals. Multiple tenants continue to negotiate, and the super high end (daily cleaning, electric included) smaller spaces are now on the market.

Same story at the Empire Stores, Where some fancy retail is coming for sure. Large office deals in Brooklyn take time, as they do anywhere, and there is much to look forward to at both of these properties.

Brooklyn Bridge Park can now glimpse the finish line, as the two residential projects build up (Pierhouse and One John Street). A battle is on about the third (at Pier 6). One of the most successful parks in New York City, the enormous visitor traffic is boosting DUMBO retail. 60 Water, Empire Stores and numerous spots on Old Fulton are coming on line. The Park is of inestimable value to DUMBO. Please support it, as many of you do. It’s made all of us richer in many ways!

The Watchtower Bible and Tract Society is talking and/or fending off numerous well-heeled investors about their remaining lands. It remains to be seen when they let go on of the Front Street pieces (and the 85 Jay Street lot).

With many office rent asks in the high forties, some leases will hit fifty later this year in the classic, veteran Dumbo buildings while new large leases land in the newer product.

Previously:
{Spring 2014 Dumbo Commercial Real Estate Update, 16Apr2014}
{Dumbo Commercial Real Estate Update (December 2013), 16Dec2013}
{Dumbo Commercial Real Estate Update (June 2013), 02Jul2013}
{Dumbo Brooklyn Commercial Report (March 2012), 12Mar2012}
{Dumbo Brooklyn Retail Report (Jan 2012), 13Jan2012}
{Dumbo Retail Report (Dec 2011), 16Dec2011}
{Dumbo Commercial Real Estate Update (Nov 2011), 22Nov2011}

02/25/15 10:50am
Artist rendering courtesy of onejohnst.com

Artist rendering courtesy of onejohnst.com

Someone’s dream apartment just went on the market in Dumbo Brooklyn. The Real Deal reports that the largest penthouse unit at One John Street has been put on the market for $8.8million (or $2,400 per square foot) today. The 4 bedroom (plus 1 home office), 4.5 bath, 3,657 square foot condo will include a 693 square foot outdoor patio private space (with a gas grill and outdoor fireplace) facing the Manhattan Bridge, overlooking Manhattan. One John Street is a 12-story, 42-unit condominium project in Brooklyn Bridge Park in Dumbo designed and developed by Alloy Development and Monadnock Construction.

The Real Deal points out that this penthouse condo is one of the most expensive condo units in Brooklyn to date. It has 27 extra large windows. The two other condo units in Dumbo have a higher asking: The penthouse unit at One Main Street offered by Corcoran for $18million and a 5 bedroom, 4 bath, 4,187 square foot triplex at the Pierhouse is on the market for $10.5million.

PHE-SittingRoom-View2

Artist rendering courtesy of onejohnst.com

Artist rendering courtesy of onejohnst.com

onejohn_PHE_pdf

Related:
{Alloy asks $2,400 psf for One John St. penthouse, The Real Deal, 24Feb2015}
{Sales Open at One John Street. Already 1/3 Sold, 30sept2014}
{Prices for 1 John Street Condos at Brooklyn Bridge Park, 18Feb2014}
{Propsed Northern Entrance into Brooklyn Bridge Park on Jay Street, 11Sep2013}
{NYC Announces Developers for John Street Condos at Brooklyn Bridge Park, 01Aug2013}
{John Street Condo Design Presentation, 04Jun2013}
{NYC Announces Developers for John Street Condos at Brooklyn Bridge Park, 01Aug2013}

02/19/15 3:26pm

The NYC Department of Transportation (DOT) presented a plan to the Brooklyn Community Board 2 Transportation Committee on January 20, 2015 that proposes several updates to streets in Dumbo on 5 key street corners and sidewalk areas. As a result of a community walk-through organized by the Dumbo BID, DOT has developed this proposal to calm traffic, improve pedestrian safety, and improve pedestrian and bicycle access in the Dumbo neighborhood. The proposal fills gaps in the pedestrian network with new sidewalks and pedestrian spaces at underutilized roadbed locations, and accessible crossings. A two-way bicycle facility is also proposed on Jay Street.

The Community Board 2 Transportation Committee unanimously (with one abstention, 11-0-1) recommended that Community Board 2 support pedestrian safety improvements proposed by the DOT two weeks ago.

Streetsblog NYC reported that the DUMBO Improvement District director of marketing and events Kristin LaBuz attended the meeting, where the plan advanced to the full board in an 11-0 vote. “Though there is still much work to be done in the neighborhood,” she said, “we’re thrilled by DOT’s responsiveness to community concerns.”

The five areas for improvement are as follows:

  1. York St and Washington St: build concrete sidewalk extension, mark parking lanes and bike route, and potentially add parking to the south curb.

    dot_york_wash

  2. Pearl St and Front St: build concrete neckdown and granite paver crosswalk

    dot_front_pearl

  3. Pearl St and York St: build large concrete triangle island and painted pedestrian space, with two granite paver crosswalks

    dot_york_pearl

  4. Jay St and Prospect St: build large curb extension on NE corner and neckdowns on NW and SE corners, mark crosswalk on the north leg. Potentially add parking along new concrete.

    dot_jay_prospect

  5. Jay St Corridor: mark contraflow bicycle lane between Prospect St and York St, mark two way shared lane between York St and John St.

    dot_jay_yorkjohn

    dot_jay_prospectyork

In addition to the added safety for pedestrians and cyclists, the proposal adds approximately 15 parking spaces. DOT plans to begin construction on the project in August 2015.

DOT’s presentation to the Brooklyn Community Board 2 Transportation Committee (PDF)

02/13/15 5:06pm

51 Jay Hero

51 Jay Street is an existing warehouse building in Dumbo being transformed into 74 condominiums, including studios, one-, two-, three- and four-bedroom apartments, six penthouses and a townhouse. Sales were launched on January 5, 2015, and within 30 days, the building has sold over 30% of its units, according to the development firms.

The listings on Streeteasy, list prices from $875,000 for a 664sf studio to a $5.15MM four bedroom, 4 bath 2,663fs penthouse unit. The average asking price for the 29 units currently released is $2,271,000 (avg square feet of 1,512). Average one bedrooms are asking $1,306,000 (927 square feet), average two bedrooms are asking $2,137,000 (1,472 square feet), and average three bedrooms are asking $3,047,333 (1,963 square feet).

The pricing has already increased four times in its initial release, and based on the development firm feedback from Slate Property Group and Adam America Real Estate, the ODA Architecture designed building will sell out very quickly.

Dvir Cohen Hoshen, co-founder and principal of Adam America Real Estate, stated, “The pace of sales is unlike anything we have experienced before. The combined value of the building design, Dumbo location and unit size is not matched by any other property in New York City.”

“We have received exceptional feedback from buyers and the real estate community, with the unanimous reaction that 51 Jay is one of the most uniquely designed products on the market,” stated Martin Nussbaum, Principal of Slate Property Group.

51 Jay Street is scheduled for completion in Spring 2016.

Duplex Courtyard Facing

Penthouse

51jayst.com

Previously:
{51 Jay Street Conversion to have up to 74 Apartments, 22May2014}
{ 51 Jay Street Warehouse in Dumbo on the Market, 07Dec2011}
{LPC Approves Plans for 201 Water St, 01Feb2010}

02/10/15 10:51am

partylikeapres_book

Fellow Dumbo resident Brian Abrams with illustrator John Mathias launch their new book, Party Like a President: True Tales of Inebriation, Lechery, and Mischief From the Oval Office. The book contains 44 essays on how each commander-in-chief smoked, drank and had sex. John’s 100 illustrations shows the context for each of these presidents (and a bonus of 44 historical cocktail recipes in the book).

Join author Brian Abrams and illustrator John Mathias as they celebrate history with a side of cheek and share a plethora of true tales about our nation’s leaders and lechers, from a pill-popping Nixon to a tail-chasing Woodrow Wilson to a skinny-dipping JFK, and much more. The book launch will be at PowerHouse Arena on Tue, February 10 at 7pm.

Cartoonist Mark Ziemann will also be at the launch to draw complimentary “presidentized” caricatures of you. And of course booze will be served.

{Dumbo author dishes dirt on presidential debauchery, Brooklyn Paper}

Brian Abrams and John Mathias launch “Party Like a President” at PowerHouse Arena, 37 Main Street, Brooklyn NY 11201 (between Water and Front Streets)
Feb. 10 at 7 pm. Free.