The Curious Case of 341 Eastern Parkway - formerly known as "The Hole".
Comments
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Condos are typically designed very differently than rentals - i.e. larger floor plans and higher end finishes. It is not typical for developers to go into a project without these plans finalized and a clear exit strategy for their construction loan.
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I was walking by yesterday, and that big expanse of the sidewalk is realistic. The building lines up with the homes next door(not the front of their yards). It should be a really open space out front. Curious how they'll use it.
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Yes, the building lines up with homes to the right.
However, the building actually owns several feet in front of it.
The houses use this space for lawns/gardens and fence it in.
The drawing suggest an expanse of sidewalk.... But the builders are under no obligations to let the public access it.
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Ah! I see what you mean.
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They could totally use that expanse of sidewalk for car parking just like the Chase Bank + medical building on the corner of Bedford and Eastern Parkway. Also, I think there's a church on Eastern Parkway where people do the same thing and park on the sidewalk.
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Not to state the obvious, but how the "front of building" space is used will largely be related to the prefences of the first floor commercial tenant.
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I'm impressed with how quickly this project seems to be moving along. It looked like they were starting to put in some windows today.
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Does anyone know if the parking in front of the Chase bank on EP/Bedford is legal? There are no curb cuts and drivers just pull in through the handicap pedestrian ramps on the sidewalk. I'm constantly dodging cars and drivers dirty looks while just trying to walk on that sidewalk.
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Photos taken April 27, 2013.
It looks like they are working on the steel for the left tower:
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May 5, 2013: Windows are going in on the lower floors.
The steel for the two towers looks to be almost complete. This building seems to have reached its peak height.
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If there is no curb cut, the parking is not legal.
Conversely, if there is a curb cut, it doesn't mean the parking is legal, either. But absence of a curb cut is a guarantee that a space is not officially permitted to be used as parking.
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We do know that the retail won't have a super market or coffee shop, because the owner of Bob and Betty's was able to get a non-compete clause in exchange for letting them have some his property.
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BTW, while Brooklynian lacks the readership of Curbed, it seems my post above beat them by about a month. On 5/10/2013 they published an article pointing out the new design and architect....
I read it with great interest, only to realize that I came upon that info weeks ago.
They did, however, contribute this:
During the Brooklyn Real Estate Summit, David Maundrell of aptsandlofts.com confirmed that the development's 65 condos will hit the market in spring 2014.
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Brownstoner echoed the "news" today, 5/20/2013:
http://www.brownstoner.com/blog/2013/05/new-renderings-for-341-eastern-parkway/#disqus_thread
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I walked by this site this weekend (June 10, 2013), and it looks like they have the steel in place for the main 6 stories. The 7th story will be set back a little, and the 8th looks like it will just be those tower things.
The towers look like they will have some nice, "writers perch" 360 degree views.
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Those are going to be $$$.
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yup.
I expect it to be a modern doorman building, with all of the amenities typical of that style: in house gym, in unit laundry, car parking available in basement, central air etc.
While our neighborhood is not Park Slope, this 1300 sq ft coop is asking $1.4M: http://www.brownstoner.com/blog/2013/06/co-op-of-the-day-235-lincoln-place-6c/#disqus_thread
Given that a few high floor condos went for over a $1M on Classon several years ago, and the real estate market has only gone up locally since then, it would not surprise me if they are able to fetch $750 a sq ft for the lower floors, and over $1000 for those prime, top units.
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July 13:
One can now see that they are working on the top two floors of the building, they are set back from the others.
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Any word or rumors on the ground floor retail?
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The location is still listed on CPEX's website, which could mean that they have not found a tenant yet, or have simply not taken it off their site.
Everyone is stating it is going to be a bank and/or a drug store, but this seems to be based on expectations and hopes.
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CURIOUS: DOES ANYONE KNOW IF THIS BUILDING IS ACTUALLY GOING TO BE CONDOS OR RENTALS?? I THOUGHT IT WAS SURE THAT IT WAS BEING BUILD TO BE SOLD AS CONDOS, BUT I JUST CHECKED THE DEVELOPERS' WEBSITE AT http://meshberggroup.com/project/341-eastern-parkway/ , AND IT SAYS IT WILL BE A RENTAL BUILDING, TARGETED FOR OPENING FALL 2013. ANYONE HAVE MORE INFO?? THANKS!
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naturegurl-
I have chosen to believe this report:It states that they will be condos, and open in the Spring of 2014.
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While eating yummy West Indian food on Labor Day, I took a break from looking at the sparkly women at looked at this building.
The structural steel appears to not be complete. The building is as tall as it is going to get, and they are now focusing on interior work.
They look on track to "close the envelope" before Nov, which will allow them to work in a heated environment this winter.
I look forward to the open houses in the Spring.
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Another rendering of the facade. I'm pretty sure it is older than the above ones, but the builder is not bound to any of them:
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We have been speculating for sometime that we are going to get a bank in this location.
Today, Sept 17, I was told "the developers have signed with a bank, and possibly a healthcare company".
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I came across this old photo today:
It is taken from the corner of EP and Franklin, looking east on EP. The buildings on the left were demolished several years ago to create "the hole"
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On the right side of this photo, one can see the same site, before the above buildings were built. One sees a vacant lot, then the building that presently contains Bob and Betty's:
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A good source tells me the bank will be Capital One. No news about the "health care company". I hope it is a CVS and not a GNC.
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The deal is not believed to be final, but I believe flirtations were underway with an entity like Humana or Wellpoint: http://www.cnbc.com/id/100577293
...not an entity like CVS or GNC.
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That PDF about the brewery building says Capital One signed the lease
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