As anticipated, Mayor Bloomberg’s office announced today that the proposal for a hotel and residential complex on the space between Furman Street and Pier 1, Brooklyn Bridge Park submitted by Starwood Capital Group and Toll Brothers has been selected. The image (thanks to Curbed) shows how the buildings will look from the Promenade. As you […]
Tag Archives | housing in park
Names of Park Hotel/Condo Complex Review Team Revealed
Giving in to demands by local residents and elected officials, the Brooklyn Bridge Park Corporation has disclosed the names of the people who will decide which of the seven proposed hotel and residential complexes will be built next to Pier 1. The Brooklyn Paper: On Monday, park staff revealed the four members on the heretofore […]
Update on Park Deal
More information is now available on the deal on Brooklyn Bridge Park funding announced yesterday. Under the agreement, the city will proceed with funding park construction and development of recreational facilities which, according to a press release from State Senator Daniel Squadron, will include “a temporary pool for at least the next five summers, a […]
City Announces Plan That May Reduce Scale of Park Housing
Mayor Bloomberg announced this evening that city and state officials plan to sign an agreement tomorrow concerning the funding of Brooklyn Bridge Park that may result in smaller scale housing being built on park land, and may even eliminate the need for the two planned new buildings near the foot of Pier 6.
Park Corporation Board Meeting Monday, July 18
The board of directors of the Brooklyn Bridge Park Corporation will meet on Monday, July 18, starting at approximately 1:30 p.m., at the Brooklyn Public Library, Brooklyn Heights branch, 280 Cadman Plaza West (at Tillary Street). The public is invited. There is no agenda yet available for the meeting; we will publish it as soon […]
Park Funding: Any Ideas?
The conventional wisdom, following the release and acceptance of the report of Bay Area Economics on alternative sources of funding for operating and maintenance expenses of Brooklyn Bridge Park, is that construction of luxury housing and a hotel on portions of the park’s land will be necessary to fund those expenses. The Real Deal: Increasingly, […]
Committee Forwards Consultants’ Housing Alternatives Report to Full Park Board
The Committee on Alternatives to Housing of the Brooklyn Bridge Park Corporation’s board met this afternoon and, by a vote of 4-2, forwarded the final report of Bay Area Economics, the consultants hired by the board to study alternatives to housing as sources of revenue to fund park operation and maintenance, to the full board. […]
City Axes $11 Million from Park Funding
The City has reduced its funding commitment for Brooklyn Bridge Park from $55 million to $44 million, as reported by Curbed. This is likely, the article says, to increase the need for housing on park land to generate the revenues needed for the park. However, our understanding is that the City’s $55 million commitment was […]
Park Consultants Submit Final Report on Housing Alternatives
Bay Area Economics (“BAE”), the consultants hired by the board of the Brooklyn Bridge Park Corporation to study alternatives to housing in the park as sources of funding for park operations and maintenance, have submitted the final version of their report to the board’s Committee on Alternatives to Housing. The full text of the report […]
Local Pols Ask Consideration of Watchtower Properties for Park Funding
In a letter to Robert Steel, Chair of the Committee on Alternatives to Housing of the Brooklyn Bridge Park Board and Deputy Mayor for Economic Development, State Senator Daniel Squadron, Congresswoman Nydia Velazquez, Borough President Marty Markowitz, Assembly Member Joan Millman, and City Council Members Steve Levin and Brad Lander urged further consideration of payments […]
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