Sharing the fate of many other Brooklyn real estate projects during this economic downturn, the Clarett development site at 340 Court Street has seen no activity since November 2008. It appeared that Carroll Gardeners would have to live with an ugly blue construction fence and a giant hole in the ground right in the center of their neighborhood for a long time.
So it was a bit surprising to many when a "Retail Space For Lease" signs went up at the site last week. Has Clarett gotten further financing? Does this mean that Clarett is rethinking the project? Are they considering a one-story retail "tax payer" building until they are able to add more stories? Or is getting financing contingent on finding a retail tenant?
Getting these questions answered by the development company seems to be a bit of a challenge. Clarett has stopped talking to the community long ago. And judging by the email responses from aides of our elected officials, Clarett has been equally unresponsive to their inquiries.
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2 comments:
Clarett isn't the only prominent fenced-off construction spot in our area. What is going on with that Smith Street lot across from American Apparel? That fence is taking up most of the sidewalk and there has been no sign of construction activity since the bottom fell out of the finance market.
A few blocks south on Smith we have to walk past that high wood fence to get into the Carroll St subway station. No activity their either.
the one on Smith across from AmerAp
has been sitting lot longer than bottom fell out of market.
DofB show rejection of plan couple years ago and nothing resubmitted since then. Think will be long time coming now.
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