Retail


Old Hoyt Street Garage

Permits Filed for 51-Story Parking Garage Redevelopment at 9 Hoyt Street in Downtown Brooklyn

Downtown Brooklyn’s Macy’s parking garage redevelopment is finally moving forward, and applications filed with the Department of Buildings show that the new tower will rise 664 feet and 51 floors to its rooftop. The existing structure will be reduced down to one floor, then rebuilt into the tower. There will be a 150-car garage in the cellar, 99,652 square feet of retail between the cellar and first floors, and then 586,141 square feet of residential space up above, to be divided amongst 476 condominiums. Tishman Speyer is developing, and Hill West Architects are behind the plans, which were first spotted by Brownstoner.

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NYC Bodega,

Why Bodegas Are Crucial To The Continued Success of New York City Real Estate

Technology and urbanity have a long and tempestuous relationship, with the former’s advancement over the past century having had an occasionally deleterious effect on the latter. This has been most evident when periods of previously unimaginable progress have yielded inventions like the automobile, which in turn led to the temporary collapse of many inner cities. Now, as online retail continues to outpace brick and mortar shopping, technology has once again laid siege to the fabric of New York City, threatening the time-honored local bodega, and potentially undermining a segment of local retail that has value far beyond its shelves.

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