Postcard from Dumbo: Three Developments
We swung through Dumbo last weekend to get caught up on some of the development projects underway. In addition to 53 Bridge and J Condo, three of the biggest efforts are at, clockwise from top left, 206 Front Street, the tower at Front and Jay, and 99 Gold. According to Curbed, 99 Gold was supposed…
We swung through Dumbo last weekend to get caught up on some of the development projects underway. In addition to 53 Bridge and J Condo, three of the biggest efforts are at, clockwise from top left, 206 Front Street, the tower at Front and Jay, and 99 Gold. According to Curbed, 99 Gold was supposed to have gone on sale a few months ago, but the building’s website and the Developer’s Group listing show nothing for sale yet. If anyone’s got anything to share on these developments, we’re all ears.
re: 99 gold. carnegie hill also borders housing projects. there are also housing projects all over chelsea and the UWS…but i guess that’s different?
FYI, “the tower at Front and Jay” is the J Condo, not a separate project.
53 Bridge is supposed to be commercial.
Union labor makes a difference. J condo is one of the few that uses union labor.
to 11:26 — just out of curiosity, what makes you say the construction work on the J is “average at best”? They’re only pouring floors at this point…how much quality variation could there be in that? I would think (and I know nothing about it) that quality metrics would be more in the finishing work, no?
btw 8:18… thanks again for your honest response. I don’t know if you’ll get away from the bugaboo’s and fancy cars by going to Cobble Hill, but there’s no denying it’s another great brooklyn nabe that’s going to keep getting better through the years. Best of luck to you…
Brownstoner… are you moderating comments? Why was my comment addressed to Anon 5:23pm removed? This person gave a great and honest response back at 8:18am… which I appreciate (he/she must have read it before it was removed). Not sure if the comment removal was a mistake, but if it wasn’t I think it’s rather silly that you did.
11:10pm, I’ll be real about this: I want different neighbors. Dumbo is a developers dream. The existing community was creative types, usually with shaky leases, etc. Easy bunch to clear out and replace. Two Trees had the vision and ability to see this through. But the results? It’s quickly becoming a neighborhood of 1 type of person. Six-figure, starbucks, land rover, bugaboo, type neighbor. Nothing wrong with that, but when every single person fits that description (or aspires to that description), that’s a different type of thing.
Cobble Hill (like the rest of BK) is seeing its share of “gentrification” but there is diversity that Dumbo lacks. ……… 300K profit? I wish. I did nicely, but can’t afford a brownstone is BK! We’ll see if this market slows down… To future Dumbo buyers: Make sure you buy in the right building! There are WAY to many developments going on, if resale is on your mind, buy in quality buildings. 70Wash, Sweeny, 1 Main St. are overpriced, but at least you get something for your money.
amazing how these projects will change Dumbo forever. Nexus, J Condo, Beacon Tower, and all of the “near-dumbo” projects, 99 gold. Not bad, just completely different nieghborhood. I just sold my apt on Main St, and I’m moving to Cobble Hill next week. I loved Dumbo when I moved here 4 years ago, but now, I can’t wait to leave. It’s been transformed into a completely different place. Nice for some (kids, Manhattanites moving to BK for the first time) but not for me.
Some notes on these projects:
Gold Street is rough. Buying at 99 Gold (at these prices) is silly. If you are going to deal with the drama of living over there, you should at least be able to but at a better price point. The building looks OK for the Developers Group, they seem lazy with the details, and have a kinda “Club Monaco” aesthetic, but worse things have happened to the area (Nexus is a piece of junk).
JCondo: Tough to say. The quality of the construction seems average at best , but for better or for worse, I think this building will define the new Dumbo. Location, size, type of person who buys in this type of building, etc. Dumbo, meet your future.