Destroying an 11-Apartment Structure to Build a Mansion By GINIA BELLAFANTE NOV. 4, 2016 For the past two years or so, my daily comings and goings have taken me past a building on my Brooklyn Heights block ripped down to the studs by a developer with the ambition of returning it to the market as a five-story brownstone for $18 million. More here - ... [more]
Destroying an 11-Apartment Structure to Build a Mansion
By GINIA BELLAFANTE NOV. 4, 2016
For the past two years or so, my daily comings and goings have taken me past a building on my Brooklyn Heights block ripped down to the studs by a developer with the ambition of returning it to the market as a five-story brownstone for $18 million.
More here
- http://www.nytimes.com/2016/11/06/nyregion/destroying-an-11-apartment-structure-to-build-a-mansion.html?
My response
Wow....jealous much.
Let me ask you a question Ginia.....the developer(/prospective owner) of this property created jobs for all of the workers for the last 2 years and in the process created over $10m of revenue for the local economy.
How many jobs did you create over the last 2 years?
How much did you personally pay in taxes over the last 2 years.
I have no relation to this property (but live in the area a few blocks over and have walked past this building since it got announced) and will never be able to afford a home like it however my response is.....hey if its your money....go for it.
Who says millionaires should be forced to live in Scarsdale?
- http://blog.collins.net.pr/2016/11/sounds-like-ginia-bellafante-is-little.html
Any thoughts from the StreetEasy crew?
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Response by fieldschester
about 9 years ago
Posts: 3525
Member since: Jul 2013
You are a very angry guy Deanc. What did it to you?
Ignored comment.
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Response by uptown_joe
about 9 years ago
Posts: 293
Member since: Dec 2011
Regardless of the tone of the piece -- I didn't actually read it -- an underlying point on density and affordability does bear some examination. Density is a key issue for the city and immediately 'costs' something either way the needle moves -- reduced density tends to mean expensive housing, reduced integration of different socioeconomic-status neighbors (the plumbers, teachers, secretaries, nannies, etc. can't live in the community), at some point it makes the street too quiet and retail may falter, etc. Conversely excessive density means crowding of shared transportation spaces, no sunlight, reduced profit motive for developers, and so on.
What would yo rather see the building replaced by? A single family mansion or a 14 story, 60 unit condo with a nightclub in the bottom?
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Response by Bill7284
about 9 years ago
Posts: 631
Member since: Feb 2009
I have no problem with the rich. They're usually quiet, mind their own business and really we don't see much of them anyway. 30yrs is right, I would go with single family which is what all these townhouses were in the first place.
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You are a very angry guy Deanc. What did it to you?
Regardless of the tone of the piece -- I didn't actually read it -- an underlying point on density and affordability does bear some examination. Density is a key issue for the city and immediately 'costs' something either way the needle moves -- reduced density tends to mean expensive housing, reduced integration of different socioeconomic-status neighbors (the plumbers, teachers, secretaries, nannies, etc. can't live in the community), at some point it makes the street too quiet and retail may falter, etc. Conversely excessive density means crowding of shared transportation spaces, no sunlight, reduced profit motive for developers, and so on.
6 story building with 40 reasonably priced rental apartments, supermarket and restaurant being replaced by a 18 story luxury 30 apartment condo, no supermarket, no restaurant.
http://therealdeal.com/2015/06/02/lightstone-acquires-yorkville-rental-building-for-33m/
It's the town we live in.
What would yo rather see the building replaced by? A single family mansion or a 14 story, 60 unit condo with a nightclub in the bottom?
I have no problem with the rich. They're usually quiet, mind their own business and really we don't see much of them anyway. 30yrs is right, I would go with single family which is what all these townhouses were in the first place.