Plans have changed for the redevelopment of a late-19th-century warehouse on the Dumbo waterfront. Last March, Curbed reported that the development would feature ground-floor retail topped with 46 condos, ranging from two- to five-bedroom units. Now, developer Glacial Global Partners plans on offering 200,000 square feet of office and retail space instead, while the exterior redevelopment—which was approved by the Landmarks Preservation Commission—will still occur. Brownstoner reported that the exclusion of residential units may be attributed to Dumbo's high asking rents ($64.47 per square foot in Q3), as well as a need for office space in the borough, which has the sixth-largest office market in the country. (Not to mention Glacier Global founder Yaniv Blumenfeld's alleged avoidance of affordable apartments.)
The structure originally housed the Arbuckle Brothers sugar refinery from 1898 to 1945, and later housed several commercial tenants. With a delivery slated for fall 2016, this new mixed-use project will boast an ODA-designed northern façade inspired by the building's warehouse history. This new façade will feature glass, steel, brick, and spandrel. Three original façades will also be restored to their historical masonry condition. The site plans include a 10,000-square-foot land donation to Brooklyn Bridge Park that will create a new entrance at the corner of Pearl and John Streets.
Take a look at the full presentation of the development below:
· Crystal-Inspired Facade Proposed for Dumbo's 10 Jay Street [Curbed NY]
· Crystal-Inspired Facade for 10 Jay Street Wins Over Landmarks [Curbed NY]
· Dumbo Office Space So Rare, Sugar Crystal Building Developer Drops Condo Plan [Brownstoner]