From the presentation by developer Tom Anderson at Tuesday's CB9 meeting, it looks like ground could break by mid-winter on the new 130+ unit 9-story building on the vacant L-shaped lot that lovingly spoons the buildings at the NW corner of Flatbush and Lincoln. What just a few years ago was going to be glass skyscraper condo has now been scaled back to a modest rent-stabilized building. In order to qualify for HDC financing, Tom has to make 20% of the flats affordable to means-tested folks. The rest, quite surprising to some of us following the deal, would come in around 10% below market to start. His estimate was from $1,800 - $2,500, studios to two-bedrooms, which caused frequent Q commenter Babs to question his research. $2,500 for a two-bedroom? Sure, a few will pay that, but right now $1,800 - $2K for a 2BD is apparently more common for places near or on the park.
I spoke with Tom for a bit and he seems like a nice enough guy. Been in Brooklyn for 30 years, has a good reputation for his other projects. Some don't like the design, but I think it's more than fair for a City financed building. Anyway, here's some closeups of the pics he brought to the meeting:
There will be 80some spaces for parking underground. Two big retail spots, one at 33 Lincoln the other on Flatbush. Giant community space. All he needs is for HDC to float a bond, and he's golden. If he fails to get the financing, he falls back on Plan B, though he doesn't really have a Plan B other than find someone to invest. Btw, that's my Plan B too. About my life.
The Q at Parkside
News and Nonsense from the Brooklyn neighborhood of Lefferts and environs, or more specifically a neighborhood once known as Melrose Park. Sometimes called Lefferts Gardens. Or Prospect-Lefferts Gardens. Or PLG. Or North Flatbush. Or Caledonia (west of Ocean). Or West Pigtown. Across From Park Slope. Under Crown Heights. Near Drummer's Grove. The Side of the Park With the McDonalds. Jackie Robinson Town. Home of Lefferts Manor. West Wingate. Near Kings County Hospital. Or if you're coming from the airport in taxi, maybe just Flatbush is best.