The Cascade smokestacks in Bed-Stuy sit atop the red-brick industrial building used by the General Linen Supply & Laundry for 112 years, but the New York Post reports that they may not survive much longer. The plant shuttered in 2010 after over a century of delivering tablecloths and napkins to restaurants around the city, and now a buyer has picked up the lot at 835 Myrtle Avenue for $27 million. Newmark Grubb Knight Frank Capital Group brokered the deal, calling it a "prime redevelopment site."
It's too soon to tell exactly what the as-yet-unknown developers (Mike Kohn's Alliance Private Capital Group was merely an intermediary helping with the financial transaction) will do with the site, but thanks to the area's rezoning, they're allowed to build 101,000 square feet of commercial space in addition to 251,505 square feet of residential. In everyday terms, that means bidding adieu to one of the iconic vestiges of industrial Brooklyn?kinda like the Kentile Floors sign, though that's safe for now.
[Photo via Newmark Grubb Knight Frank Capital Group]
[Photos via Forgotten NY, which notes that the white letters haven't faded over the years because they're made of white brick rather than painted.]
· A new century in Brooklyn [NYP]
· Cascade Redevelopment Site [Newmark Grubb Knight Frank]
· Myrtle Avenue Part 1: Fort Greene and Bedford-Stuyvesant [Forgotten NY]
?Top photo via Bed-Stuy Blog
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