893 Dean St now unlikely to become arts performance space ...located btwn Grand and Classon

whynot_31

This project was recently allocated some capital money from the city council via Laurie Cumbo, but construction does not appeared to have resumed.

It appears stuck. No work permits appear to be open.

They are now more than 1 year behind the time line they presented to me last summer.

whynot_31

Greetings-

I've been watching the Dean St project for a while.   Is it still progressing?    Is it becoming something called "Intermission"?

Thanks

Dear (whynot)-

The project has been delayed indefinitely. Intermission is not connected with Global Square. 

Warmly,

gsquare 

whynot_31

As a final sign of its demise:

The site is now for sale.  Asking price is $7.2M.   Zoned commercial (for now?)

http://www.loopnet.com/Listing/19675268/887-897-Dean-Street-Brooklyn-NY/

Block 1133 Lots 71, 72, 74, 75 and 76
" Developable Parcels Total 115.5' Frontage on Dean Street
" Current Zoning Classification is M1-1; Max. FAR 2.4
" Proposed Zoning Approved by Community Board 8
" Proposed Zoning to be upgraded to R7D; Max FAR 5.6
" M1-1 Zone; Floor Area Ratio range from 1.0 to 2.4
" Maximum R7D; Floor Area Ratio range from 4.2 to 5.6
" Total size 115.50' x 110' = 12,705 SF
" 115.5 Feet of Frontage on Dean Street between Grand & Classon Avenues
" No Condition, Appraisal or Mortgage Financing Contingency
" Please Do Not Disturb any Tenants
" Please Do Not Conduct any Unauthorized Inspections!!!

Northwest Crown Heights.
Dean Street between Grand and Classon Avenues

pheightsresident

Yeah, I won't call the neighborhood transformation quite complete until that block (and its counterpart on Pacific Street) are "fixed." A lot of potential, but the current zoning status seems to have delayed progress. 

whynot_31

If DeBlasio gets a second term, the M1 Zone will likely become an inclusionary housing area.     However, that remains to be seen...

http://brooklynian.com/discussion/44390/eyes-are-again-on-the-m-1-zone-in-crown-heights

whynot_31

Meanwhile, I assume/hope that the principal behind Global Square (Charles M McMickens) has had to pay back the money he received from city government to help develop the space.

The space seems to have had several hundred thousands of dollars spent on renovations;  all of which seems destined to be demolished unless a deep pocketed performance operator can be found.  

aerial view:  https://www.google.com/maps/place/893+Dean+St,+Brooklyn,+NY+11238/@40.6787676,-73.9601681,71m/data=!3m1!1e3!4m2!3m1!1s0x89c25ba212865459:0xf1f603ac4f8eff1d?hl=en

 

whynot_31

Despite investing lots of $ into a space that named came to fruition, this artist/owner may have made a killing.

In 2012, these lots were offered for $3.5M and are now seeking a buyer at $7.2M

http://www.loopnet.com/Listing/19675268/887-897-Dean-Street-Brooklyn-NY/

whynot_31

still no takers.

 http://www.loopnet.com/Listing/20040439/893-Dean-St-Brooklyn-NY/

whynot_31

Now includes verbiage about being a motivated seller.

http://www.loopnet.com/Listing/20040439/893-Dean-St-Brooklyn-NY/