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The former Gulf Station/Dunkin Donuts at EP and Bedford (1550 Bedford) - Page 2 — Brooklynian

The former Gulf Station/Dunkin Donuts at EP and Bedford (1550 Bedford)

245

Comments

  • southeast
    southeast
    I was so looking forward to a decent hotel in this area. The ones on Atlantic are too far to put family and Utica is not an option. I don't know of any others.
  • dmiami2
    dmiami2
    edited April 2014
    Cumberland Farms is the current operating owner...   There is a Trust that owns this property and a number of others in Queens and Brooklyn, including the property on Empire and Bedford.   The Trust appears to be preparing to sell off a number of these properties (profit taking probably).  I still don't think a deal has been done but they are preparing for it by removing tanks etc.    It certainly could become another gas station but i would think the property is too expensive for that now (although zoning could be a limiting factor).


  • whynot_31
    whynot_31
    Do you know how long the Cumberland Farms trust has owned the properties?

    Did they recently buy them en mass?     ...this would lead me to speculate that they didn't really want all of them.

    Yes, it makes sense to me that they would have the skills/connections to dismantle a gas station in a manner that was less expensive than a new buyer, hence bringing value.


  • dmiami2
    dmiami2
    I think the Trust has owned the property since early 2000's. I think it's part of an employee benifits program held over from when Conocophillip acquired Tosco.
  • whynot_31
    whynot_31
    I find it odd that they have not applied for permits to demolish the gas station.    So far, there are only permits to remove the underground tanks and the awning that was above the pumps:


    It would not surprise me if there were still hotdogs and soda in the gas station, waiting for someone with $1.99.
  • dmiami2
    dmiami2
    While the under ground tanks are huge pain in the butt for a buyer... the existing building is not.  It has sewer, electric, potentially gas lines all installed and protected in the building.   Having some of this in place already "could" be a benefit to a buyer.  Certainly it's not worth the expense for the current owner to demolish it (unlike the tanks and the canopy).    

    Plus all the Twinkies will still be good for another 10 years.   :)
  • whynot_31
    whynot_31
    Assuming that the entity who reportedly wants to open a Marriott franchise doesn't already have an Option To Purchase in place, if I was Cumberland Farms, I would wait to sell this place until the new use for the armory becomes clear.
  • whynot_31
    whynot_31
    edited April 2014
    Looking north, Bedford on right side.

    image
  • whynot_31
    whynot_31
    edited May 2014
    This "end of the day" photo was taken today. 

    At some point over the last week, the plywood perimeter has been removed and a chain link perimeter has replaced it.

    I presume the hotdogs and snack foods remain inside.

    image
  • homeowner
    homeowner
    Chain link implies no work any time soon.
  • southeast
    southeast
    Seems to be the case.  Walked by there the other night, and it's an eyesore.  Hope it doesn't just sit like this for too long.
  • gemtwin115
    gemtwin115
    Has anyone heard any more about this site? Hotel, Supermarket? Condos?
  • gemtwin115
    gemtwin115
    Again, has anyone heard anymore about this location?
  • whynot_31
    whynot_31
    I have no updates.
  • Schmu
    Schmu
    Some of the people on my block who attended the last meeting said that they heard that it will be a residential building. My husband is going to next Monday's meeting. Perhaps they will mention something. I will keep you posted.
  • whynot_31
    whynot_31
    As per the first post, the lot is zoned commmercial.

    A hotel would conform with this zoning, but an apartment building would not.

    So, unless the developers get a variance....
  • crownheightster
    crownheightster
    ...maybe that is why it is taking so long to get some movement on this location? Perhaps the developers are trying to get a residential variance!

    Although, I do think that a TASTEFUL hotel would do some great business. There are a lot of visitors in our area, especially during the Jewish high holy days, that would benefit from a nice hotel. And it would be great to have a hotel because they could provide additional meeting and event space.
  • whynot_31
    whynot_31
    edited July 2014
    When a variance for this size of site is requested, there is usually public notice and some media coverage.

    While I don't spent all of my time looking for such things, I consider myself pretty aware and have not seen anything of the sort.

    We may need to be patient.
  • whynot_31
    whynot_31
    Chain link implies no work any time soon.
    Someone stole the chain link fence a few weeks ago. I believe this implies chain link fence is valuable.
  • whynot_31
    whynot_31
    From a source I believe to be reliable, this site will remain vacant until the plan for the reuse of the nearby armory is established.

    In the current environment, the vacant lot might be appreciating at 15% a year.

    Why rush...
  • whynot_31
    whynot_31
    The former gas station across the street (1550 Bedford) was officially signed over to "1550 Bedford Ave LLC" for $7.2M... I believe whoever created this LLC is the new owner that will develop the lot. 

    The lot was part of $41M REIT that included the gas station on Empire and Bedford, as well as others...  The gas station on Empire is slated to become another storage facility, probably somewhat due to the limited options the site is zoned for.
  • whynot_31
    whynot_31
    edited February 2015
    I have been hearing that "it is a pretty certain that we will get a hotel here or behind the armory. At this time, the armory option would require a variance, but this site would not".

    Today, I am pleased to announce that a Marriott brand will be constructing a hotel at a yet-to-be-disclosed BROOKLYN location. Said hotel will not be luxurious, and have smaller than usual rooms to cater to young travelers:

    http://www.bloomberg.com/news/articles/2015-02-19/lightstone-committing-2-billion-to-hotel-projects

    ...sounds promising.

    Note: This site is likely to be rezoned residential during the rezoning of Western CB9, which may be a more profitable use than a hotel. Likewise, the rear portion of the armory is likely to be rezoned residential in the rezoning if that matches the plan for the site.
  • southeast
    southeast
    edited February 2015
    I am not sure this is what I was looking for.  "Rooms average 180 square feet (17 square meters), compared with 300 to 350 square feet for a standard hotel room."  This is tiny.  Not very family friendly.   I need a place to put overflow guests - couples and families not individuals.
  • dmiami2
    dmiami2
    I heard the owners of Western Beef are itching to sell and that a hotel is allowed in the commercial zoning there.
  • whynot_31
    whynot_31
    edited February 2015
    Yes, I believe a hotel is allowed on the Western Beef site. However, I think that site would command more as residential due to its proximity to the park and the subway.

    ...my sense is that hotels can be in locations less prime, such as this corner.

  • dmiami2
    dmiami2
    You can't build residential on the western beef site as currently zoned.
  • whynot_31
    whynot_31
    edited February 2015
    Yup.   That is why I think the owners of Western Beef will wait until the zoning is changed to allow residential.
  • ehgee
    ehgee
    edited February 2015
    I am not sure this is what I was looking for.  "Rooms average 180 square feet (17 square meters), compared with 300 to 350 square feet for a standard hotel room."  This is tiny.  Not very family friendly.   I need a place to put overflow guests - couples and families not individuals.
    Young people looking for a cool Brooklyn vacation, probably.

    Though, to me, it seems like a more likely site for such a hotel would be in some of the M-zoned land around Williamsburg. There's a lot of that right off the Grand, Graham, and Montrose stops, which are pretty prime for Williamsburg and very close to Manhattan.
  • Esperanza
    Esperanza
    If WB goes, that'll be a blow to many folks who use it as there primary grocery store.
  • whynot_31
    whynot_31
    Yes.

    It will also be a boom to other "price conscious" grocery stores in the area, and the car services that transport shoppers home from them.

    I am betting we get a hotel on this site (the former Gulf Station) or the armory garage before we get one at Western Beef. Western Beef seems quite busy, and I assume they are able to translate that into a profit.

    Whereas the Gulf Station site is vacant, and the "masters of the armory" would like an ongoing cash flow to subsidize the big drill hall for the public.
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