Developing Situations

Condos at Boerum and Dean, developed by XXX in 2002.

Townhouse Torrent! Bluerock Plans Five Brick Neo-Brownstones for Pacific Street

Brooklyn has long been known for its townhouses, but usually they’re prewar brownstones. New development, on the other hand—at least the market-rate kind—tends to be multifamily, with developers cramming in as many small units as they can in send-ups of Manhattan condo towers.

But developers have started to warm to the single-family spreads (and not surprisingly, given the soaring cost of Brooklyn townhouses). Following on the heels of Carroll Gardens’ Sackett Union townhouses (six left, if you’ve got $4 million burning a hole in your pocket) and the Landmarks Preservation Commission’s approval of Dumbo’s first new townhouses comes word that five new townhouses are in the works for… well, we’re not quite sure whether it’s Boerum Hill or Cobble Hill, and we’d rather scratch out our eyes than call it BoCoCa(Go?), so we’ll just go with the historical term for the entire swath and call it South Brooklyn. Read More

Buyer Beware

Buyers are flocking to new construction, including Carroll Gardens' Sackett Union.

Boom! Buyers Are Snapping Up Condos—Sight Unseen—Yet Again

Remember the days when condo developers were sinking shiny new celebratory shovels into the ground every other day and the line of buyers eagerly waiting to sign their names to deeds seemed endless? Well, we may not be in in boom times quite yet, but we are definitely out of bust times and the buyers are once again lining up to sign deeds for as-yet unbuilt condos in hot neighborhoodsThe New York Times reports. Read More