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Does anyone what's going on with the buildings between Willoughby and Fulton around where Bridge St is? Also, why are so many of the upper floors of the buildings along Fulton Mall seemingly empty? Are there some construction plans? What's a going on?
Does anyone what's going on with the buildings between Willoughby and Fulton around where Bridge St is? Also, why are so many of the upper floors of the buildings along Fulton Mall seemingly empty? Are there some construction plans? What's a going on?
I'm curious about this too. I've noticed that as well.
I live in downtown brooklyn right now and there is a big renaissance of the area. Especially with NYU working to open their Applied Science programs, several new rental hi-rise condo being built, couple new hotels under construction, ton of buying/selling of lots, combined with Barclay's center actually opening...not to mention DUMBO is pretty much out of room for commercial real estate, Navy Yard is getting full but MetroTech has ton of space still. It's going to get really hot in Downtown Brooklyn.
Plus some of those buildings such as the parking lot right next to Macy were waiting to be sold for new projects. I'd also wager that owners of some of those other buildings are waiting to see what they can get their money for as downtown brooklyn experience huge resurgence. Much easier to sell a building when you only have tenants on the ground floor rather than entire building...hard to sell if you have residential tenants on upper floors and especially if you have rent stabilized.
Lastly, if you are really curious about real estate situations. You'd get better information on brownstoner.com, that site/forum is really awesome for brooklyn RE news.
Does anyone what's going on with the buildings between Willoughby and Fulton around where Bridge St is? Also, why are so many of the upper floors of the buildings along Fulton Mall seemingly empty? Are there some construction plans? What's a going on?
That's 388 Bridge St construction site, future 53 floor condo/rental tower.
The empty lots further on Willoughby near Flatbush ave are CityPoint Phase 2 and CityPoint Phase 3 lots.
Quote:
Originally Posted by babo111
MetroTech has ton of space still.
I work at 15 Metrotech and they just had the Nets admin/management move in as well as New York State Tax Department (Brooklyn branch), so the building is full as far as I know. I don't know about other buildings at MetroTech complex though.
Last edited by Gantz; 01-03-2013 at 05:58 PM..
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