Interesting article in the New York Observer, “Office Builders Balking At Downtown Brooklyn”. Apparently, developers are having second thoughts about bulking up on office space, and are instead are going for residential and hotel development.
Mr. Markman is representing another major property developer, Joshua Muss, president of Muss Development, a Queens-based developer who built the Brooklyn Marriott nearby and is adding another 280 rooms to the hotel now. Mr. Muss reportedly has entered into a joint venture with the city’s Economic Development Corporation to construct an 850,000-square-foot building at Red Hook Lane and Boerum Place.
Mr. Markman would not give details of the project, as it has not been announced nor finalized. But real-estate sources said that most of that building would be devoted to apartments, with about 100,000 square feet set aside for an educational institution….
Well, the 850,000 sq. ft. is directly underneath my apartment. In one sense, it is kind of surreal to have an article literally hit home. I can’t beat the rent. On the other hand, the building is old and decrepit, and a deal in the new apartment building would be nice.
In other news, 800,000 pounds of cocoa beans were sunk off of Pier 7 off of Columbia Street, just south of the Promenade. Some confusion when I bought a Wendy’s hamburger combo – tomatoes are by request only because of hurricane damage to the tomato crop, but others claim no problem. And I was good in going for the Chili instead of the fries, and a Diet Coke rather than a regular soda, but my weight is still considerably over the 5′ 9″ expected weight of 154 lbs. for high risk diabetes. For the standard height-weight chart, well, I’m going to need to turn the corner on going to the gym.