When WeWork announced its plans to anchor a 675,000-square-foot office building on a vacant dry dock at the Brooklyn Navy Yard, a few critics came out of the woodwork to lament the yard’s gradually disappearing industrial tenants, like modular housing builder Capsys.
Last night, a collection of Bushwick community activists, union members and neighbors sweated it out on folding chairs at a church on George Street to figure out how they would hold Rabsky Group—the developer of part of the Rheingold Brewery site—to the previous owner’s agreement to provide affordable units and funding for neighborhood schools and parks.
Staten Island’s North Shore is preparing for four big developments and the 630-foot-tall New York Wheel, which will draw thousands of new residents and a huge influx of visitors to the sleepy industrial waterfront. But the city hasn’t spent much time trying to grapple with the borough’s longstanding infrastructure challenges that will only worsen as the population grows.
Crown Heights has some of the fastest rising rents in all of Brooklyn. It’s gentrifying at a rate that merited two New York Times real estate section features in the last year, neither of which could resist mentioning riots that occurred 24 years ago. At the same time, new development is sweeping across the area, concentrated at the western edge between Washington and Nostrand Avenues.
SL Green’s 1.6 million-square-foot office tower at One Vanderbilt Avenue will not only be a test case for the city’s ambitious Midtown East rezoning plan, but it’s one of the few times in recent memory that a private developer has agreed to finance and perform substantial construction work for the MTA.
