Commercial Observer, potential developers have already bid in excess of $20 million for the property.
The 10,000-square-foot one story building, one of the largest on Smith Street, is located in Boerum Hill. Currenlty the property at 197 Smith Street is zoned R6B, with "permits residential and community facility uses to a maximum floor area ratio (FAR) of 2.0. Building heights are limited to 40 feet at the street, with a 50 foot maximum building height after a setback (10 feet on a wide streets, 15 feet on a narrow street." According to New York City's Department of City Planning, "new development in the proposed R6B district would be required to line up with adjacent structures to maintain the existing street wall characteristics. New multi- family residences must provide one off-street parking space for 50% of dwelling units, which may be waived if 5 or fewer spaces would be required."
The loss of the 1970s simple brick building would not be a big deal, but, as Trumbull points out, the potential loss of yet another 'reasonably priced' supermarket in the neighborhood is a matter of concern, even if that particular store was recently rated one of the five filthiest in Brooklyn .
Let's hope that any new building going up at this location will house a new, improved supermarket on the ground floor. This neighborhood could certainly use one.
***The post has been revised to indicate that the property was rezoned as part of the Carroll Gardens Contextual Rezoning by City Planning in 2009. Previously, I had indicated that is was part of the Boerum Hill rezoning, which was approved in 2011.