The property is located at 29 Ryerson Street and is a vacant, eight-story loft warehouse in Clinton Hill. The developers plan to market the office space as an affordable alternative to other areas of Brooklyn. Built in 1951, the owners would like to see high-tech firms and other creative types of businesses housed on the property.
Some of the enticing features of the building are 15+ foot-high ceilings, three-side exposures providing great light and air circulation. The building has 440 feet of exposure on Ryerson, and an additional 110 feet on Flushing Avenue, making this a great location for the growing retail marketplace in the area.
“Rising rents and the lack of large, classic industrial spaces throughout Manhattan has changed the value proposition and driven tenants to look elsewhere for space. We’re excited about the investment and the opportunity to participate in the transformational change that the neighborhood is experiencing,” said Joshua Zegen, co-founder and managing member of MRC.
Over two years ago Brown Memorial Baptist Church completed the first phase of a restoration project of their historic church, and embarked on the second phase: the restoration of two stained glass windows created for the church in 1891 by the famed stained glass artist Louis Comfort Tiffany. Today one of the Tiffany windows called “The Pilgrims” was unveiled to the public in all its former glory.
The church was founded in 1860 and today has landmark status. Located on Washington Avenue in Clinton Hill, the church today has over 800 regular members. In mid-2012 an ambitious restoration project on the church was completed after 11 years. A new roof, ceiling for the sanctuary, chandeliers, light fixtures and more, were added to the Early Romanesque-Revival building.
After the first phase of the renovation was completed the church decided to tackle two of their twelve stained glass windows created by Tiffany in 1891. The church was the recipient of a grant of $200,000 to restore the two windows. The money came from a fund created by American Express and the National Trust for Historic Preservation, a group that is dedicated to restoring sites in New York City of historic value.
“The inside of the sanctuary inspires awe,” said Aquila Middleton, the volunteer director of construction at the church. “A lot of time and care went into its restoration.”
An additional $150,000 was also raised from the New York Landmarks Conservancy and other sources.
“The Pilgrims” is 40 feet high and 50 feet wide. It shows two pilgrims visiting with an angel.
Long-term Clinton Hill gas station owner Fulvan Realty LLC just sold a vacant gas station to a Daten Group affiliate. The New York City developer purchased the property at 840 Fulton Street in Clinton Hill for $7.4 million. The plan is to turn the 6,724-square-foot property into a seven-story, 40,000-square-foot tower with 38 residential units and 5,000 square-feet of commercial space.
The deal closed on September 30 and includes 3,464 square-feet of air rights from the property next door. Approximately 20 percent of the residential space will be designated as affordable apartments.
The cost of the project is estimated at $20 million, and KBA Architects are handling the building design. It is expected that construction will begin in the early months of 2015 with the hope of completion in March 2017.
“There is a tremendous demand for residential in this area,” said Craig Rosenman, director of acquisitions for the Daten Group. “With its close proximity to public transportation into Manhattan, this site will be highly desirable for both residential and retail tenants.”