Another Hotel for Downtown Brooklyn
With the Nu just opened, the Sheraton recently topped off, and Indigo at the foundation stage, you might be forgiven for thinking that there was enough hotel capacity in the pipeline for Downtown Brooklyn. Well, at least one developer thinks differently. SM Hotel Management, controlled by the Mehta family, paid $11 million for the 80-by-197-foot…
With the Nu just opened, the Sheraton recently topped off, and Indigo at the foundation stage, you might be forgiven for thinking that there was enough hotel capacity in the pipeline for Downtown Brooklyn. Well, at least one developer thinks differently. SM Hotel Management, controlled by the Mehta family, paid $11 million for the 80-by-197-foot lot at 300 Schermerhorn Street last October and has just broken ground on what will be a 14-story, 247-unit hotel being designed by Gene Kaufman. Do you think Brooklyn can absorb all this hotel capacity? GMAP P*Shark DOB
lots of hotels going up here and in the financial district. should be interesting.
indigo aint close to foundation stage. you need to get out a bit more b-stoner.
PropJoe wrote:…Perfect location as beautiful State street is 1 block over….
Yeah, and since that’s precisely where I live I’m more than a little pissed that the neigborhood is going to be sullied by this piece of Kaufman Krap:
http://www.brooklyneagle.com/inc/miniaturka.php?plik=103007103051.jpg&szerokosc=200
This area will indeed be incredible in 3-5 years.
Remember that down the block we have other developments:
160 Schermerhorn
http://bstoner.wpengine.com/brownstoner/archives/2007/11/development_wat_150.php
189 Schermerhorn
http://mcbrooklyn.blogspot.com/2008/01/downtown-brooklyn-189-schermerhorn.html
Add to this City Point, Toren, Oro I & II (Hilton) plus BAM construction and Smith restaurants and so much more. I’m so excited I bought in the Toren leaving my rent control apartment in the Heights which I lived 28 years.
If you guys get a chance, check out the curtain wall going up on the Toren. Very nice. Can’t wait to see what Avalon Bay will look like. And when Willoughby Park is started next to City POint and Sheraton wow. I’m so excited. Yea Go Brooklyn and Marty you are the best.
I have to agree with snarkslope. A hotel in Manhattan is in the center of all the tourist points of interest. You just walk out the door and you’re there. My feeling is that most Brooklyn Hotels will be a place to sleep and rest after you’ve spent the day in Manhattan.
Still, people staying in the hotels will do local shopping nad sightseeing. I see lots of tourists from the Marriot in stores on Fulton St. now in the downtown area. And if the rates are less than Manhattan, I would guess that more and more businesses will book here to save money. In any case, hotels in Brooklyn are a plus.
Prices need to be way more than a touch below midtown.
Brooklyn may be becoming a tourist destination for some folks, but let’s be honest, the vast majority of tourists still want to stay in Manhattan.
I think that the demand will be there, as long as the prices stay a touch below Midtown. Think about it: 2 million people in this borough, and most of us have friends and family from somewhere else. My partner’s family chose to stay in Bk the last time that they visited because we’re living here. They can’t be the only ones doing that.
I’m liking the way Brooklyn is starting to shape up. Reminds me of late 80’s, early 90’s Manhattan. It’s going to be a fun ride over the next decade. It’s only logical that rents and housing prices near transportation will skyrocket in coming years. Boerum Hill, Forte Greene and Downtown will all be huge beneficiarys
Brooklyn could easily absorb thousands of new units. I wish they would revise the zoning code to allow a new hotel to be built near the Brooklyn Museum. That would be fantastic tourist location if there ever was one.
Best part is two or more of them will have roof-top bars. Probably have to go to back to swing era to have than in Dwtwn BK. Demand no problem.