The News | 7.27.10
The Brooklyn spirit is alive and well. On August 1, 2010, two Brooklyn distilleries will begin selling the first liquor made in New York City since prohibition. Breuckelen Distilling Co. will make gin from a Sunset Park warehouse and the Kings County Distillery will produce an unaged corn whiskey. The Daily News caught up with the entrepreneurs.
The Wall Street Journal crunched the numbers on a new affordable housing development being constructed in Fort Greene. The 101 unit complex will rent two bedroom apartments for $600 to $950 a month, and according to the Journal's math, the developers will get $3.7 million in development fees and a management fee equal to about 5 percent of revenue along with ownership of property.
Atlantic Yards construction will create new traffic patterns on Flatbush Avenue beginning this weekend and lasting through 2012. To accommodate construction workers, the six lane road will be tightened to five lanes from Atlantic Avenue to Dean Street. A DOT spokeswoman told the Brooklyn Paper, "The Department of Transportation did not foresee a significant impact to the traffic flow."
In other Atlantic Yards news, one of Brooklyn’s notable conversions of a historic manufacturing building to condominiums is reportedly in the footprint of the new stadium. The Brooklyn Eagle reports that the warehouse was once home to A.G. Spalding munfacturing, and it was converted to loft condos between 1999 and 2003.
If you're looking to buy an apartment, Greenpoint is the place to go. The New York Observer went inside several developments during open houses, and found out why prospective buyers are flocking to the North Brooklyn neighborhood.
Photo credit: The Daily News
