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Thursday
Jan292015

Brooklyn Lyceum Turning into — What Else? — Luxury Condos

Say farewell to the Brooklyn Lyceum as a public space. Crain's is reporting that the landmarked building on Fourth Avenue will be turned into two or three luxury condo units, with retail space on the ground floor. A 12-story building that will hold about 70 rental units will be constructed on the vacant lot next door.

The building, which has been a home for lots of local theatre and emerging artists in recent years, was auctioned off back in October after going info foreclosure, and real estate investment firm Greystone snatched it up for $7.6 million, along with the lot next door for an additional $13.5 million.

The building's facade is slated to be restored, albeit with retail access on the ground floor (CVS, anyone?), a process that can take some time because the Landmarks Preservation Commission will be involved, according to DNAinfo. If all goes to plan, the new apartments will be ready for their wealthy renters by early 2017.

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Reader Comments (27)

Sweet, It's been an eyesore for too long! I need a place to close by to buy Magnums anyway.


Jim

January 29, 2015 | Unregistered CommenterJim

Anyone surprised by this is not paying attention. It would have been nice if they had kept it as a pubic space, but that was never likely given the price they paid for it. Hopefully the retail space will be something worthy of the history and arcitecture of the building and NOT a CVS.

January 29, 2015 | Unregistered CommenterJbob

Maybe someone will finally start shoveling the sidewalks surrounding the Lyceum. It has been treacherous for the last several winters as no one bothers to take care of the sidewalk on the President Street side of the building all the way to the Union Street subway entrance.

January 29, 2015 | Unregistered CommenterRyan

@Ryan, agreed.

January 29, 2015 | Unregistered Commenterel presidente

please not a CVS - if anyone knows anybody at Trader Joes HQ, this looks like exactly the kind of building they'd love!

January 29, 2015 | Unregistered Commenterp.

If anyone knows anything about Trader Joe's they certainly wouldn't take this space if they are also putting condos inside it. They'd take the whole building, which they are clearly not going to do on a busy street like 4th Avenue.

Do you know how many trucks come into unload every day at a place like Trader Joe's?

January 29, 2015 | Unregistered CommenterTim

Why would anyone pray for a CVS?

In addition already having a CVS, 2 Rite Aid's, and a Duane Reade, we also have a wonderful Modern Chemist on 4th Ave just a few blocks from here, 2 Neergaards, a new Pharmacy on Lincoln Place and 5th Avenue and a few others.

I can't imagine what kind of person would want yet another soul sucking national chain pharmacy in the neighborhood, and especially not in a beautiful building like this.

Please don't speak for the rest of us, I really can't imagine something I would dislike MORE than to see a CVS ruin this place.

January 29, 2015 | Unregistered CommenterEd

@Ed Im quite certain Dan was being sarcastic with the CVS comment.

January 29, 2015 | Unregistered CommenterJbob

It won't be a drug store, it'll be a bank.

Can't wait for all the new cars in the neighborhood!

And speaking of which, has anyone heard about the fate of the parking garage on Union between 6th and 7th Aves that they were trying to turn into condos?

January 29, 2015 | Unregistered CommenterNever Satisfied

Id be even more interested in the fate of the commercial space on the corner of 7th ave and 11th st that recently had the gate removed to reveal a cool, older style exterior, abet in need of TLC. The spot has been closed for close to a decade but there are now building permits up.

January 29, 2015 | Unregistered CommenterJbob

I am also interested to know what is happening at 7th Ave./11th St. It looks like they have already filled and hauled at least 4 dumpsters gutting the interior and garage.

January 29, 2015 | Unregistered CommenterBalki

thanks for the post

January 30, 2015 | Unregistered Commenterchotu

I was hoping they would turn this building into a hog farm.

January 30, 2015 | Unregistered CommenterHogFarmer

This is great! Nice to make good use of the space as opposed to an un used run down shack. Get some nice condos in there, but put something good, like a starbucks or shakeshack on the main floor. We don't need another CVS.

January 30, 2015 | Unregistered CommenterTed

It's become impossible to tell who's joking and who's not on this blog

January 30, 2015 | Unregistered CommenterAlf

Starbucks or Shake Shack? I do hope that was a joke. Our neighborhood is turning into a strip mall.

January 31, 2015 | Unregistered CommenterKate

Watch Game of Throne Season 5 awsome post keep it up

Kate - NYC is turning into a strip mall

February 1, 2015 | Unregistered CommenterJohn

NYC and PS in particular, is so far from becoming a strip mall you haven't a clue. Travel around most of the US, visit a major city like Dallas for example and then reevaluate your complete misfire of a comment.

February 2, 2015 | Unregistered CommenterRick

Looks like the commercial space on corner of 7th ave and 11th st is undergoing a renovation by the owner so it can be marketed for lease. Been vacant for almost ten years. From their filings-
" PROPOSED RENOVATION OF COMMERCIAL SPACE. REMOVAL OF PARTITIONS AND FIXTURES. MINOR STRUCTURAL WORK AT THE CELLAR AND FIRST FLOOR. INSTALL NEW PLUMBING FIXTURES AND RELATED PIPING. INSTALL MECHANICAL SYSTEM AND DUCT WORK AS PER PLANS FILED HEREWITH. NO CHANGE TO OCCUPANCY USE OR EGRESS. "

February 2, 2015 | Unregistered CommenterJbob

New York City is more of a mall than Dallas any day. Especially Manhattan.

Look at all the major Manhattan shopping areas....5th Avenue, Soho, 34th Street, it's ALL CHAINS found in Middle America malls. Just because NYC's shopping isn't enclosed doesn't mean it's any less a mall than someplace else.

If you don't walk around wondering what happened to all the mom and pop stores, you're not opening your eyes. Park Slope may be less of a mall than most places in NYC, but it's quickly being overtaken by chain stores. To deny that is to stick your head in the sand.

February 2, 2015 | Unregistered CommenterEd

I believe the seventh and eleventh spot will be Big Nose Full Body -- from across the street

February 2, 2015 | Unregistered CommenterJoerg

@Joerg

No=Big Nose is moving into the old barber shop on the next corner (12th st and 7th ave). I dont imagine theyll be able to line up a tenant for this spot until they at least can show a timeline for when their renovations will be complete.

February 2, 2015 | Unregistered CommenterJbob

there was a 3 person crew out there this morning shoveling the snow. aka, chipping away the ice that has formed over the past few days. at the very least I am thankful for that. tired of nearly falling on my ass the last 10 years due to the previous owner not giving a shit.

February 4, 2015 | Unregistered Commenterel presidente

I forwarded complaint to 311 as the ice built up for two snowstorms. New guys not really doing much better. Already backlogged by 1 snowstorm.

February 6, 2015 | Unregistered Commenterprobably a neighbor

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