LATEST NEWS

The Brooklyn Waverly: Fulton Street Gets A Classy New Neighbor

The Brooklyn Waverly: Fulton Street Gets A Classy New Neighbor

By Jeff Vasishta August 3, 2016
Photo courtesy of Brooklyn Waverly

Like Arnold Schwarzenegger and Danny Devito in Twins, Clinton Hill and Fulton Street, around the corner, are oddly matched siblings. The former with its stately, leafy red brick mansions, slate sidewalks and towering brownstones was juxtaposed by the latter, an unattractive hodge-podge of bodegas, abandoned store fronts, ethnic eateries and empty lots. It was that way through much of the ’90’s and first decade of the 2000’s. Then, as gentrification took hold, the tender green shoots of coffee shops and cafe’s started to sprout amid the discount stores and Chinese take-outs.

Related:Gamechanger Alert: A Single Family Townhouse In Crown Heights Just Sold For Over $2 million

While many bemoan the increasing racial disparity in the former middle-class black neighborhood, there’s no denying that Fulton St. has become a more inviting thoroughfare than it once was. The Barclay Center, Brooklyn Yards and rampant development has made its transformation an inevitability. It’s been given another booster shot with the Waverly Brooklyn, a 48-unit condo growing out of a parking lot on Fulton St Waverly Avenue.

The Brooklyn Waverly Photo courtesy of courtesy of Millarc

The GKV Architects designed building features apartments from studios to four bedrooms, many including private outdoor spaces with prices starting at $595,000.

“It’s part of an existing trend along Fulton Street with more high-end eateries and re-furbished storefronts,” says developer Andrew Bradfield of Orange Management who purchased the lot for $9 million in 2013. Bradfield mentions the 400,000 square-foot RXR Realty project nearby at 810 Fulton, currently under construction as pivotal in making Fulton Street “a new entertainment and retail corridor.”

The architectural concrete structure of the building has been written about in the New York Times, and Bradfield is quick highlight the aesthetic advantages of using this design in an historic neighborhood.

“I don’t want to sound like every developer who thinks their building looks great, but once the scaffolding comes down, you’ll see a dazzling design,” he says.

The Brooklyn Waverly Photo courtesy of Millarc

Local business owners are understandably happy about the hive of new development.

“I’ve been here for 6 years and the neighborhood has changed a lot, for the better,” says David Benizeri, owner of Beny’s Delice, across the street from the Waverly Brooklyn. “It’s definitely more of a younger, hipster crowd who commute into the city and buy coffees and pastries going to and from work,” he adds. “It will be great for business when the new building goes up.”

Benizeri feels that the area is more than a commuter hub for hipsters trekking into the city.

“There’s a lot of weekend activity because of the flea market from Lafayette. People come in from Manhattan and other places for that. Then generally, there are a lot of restaurants and activity in the area.”

Jeff Vasishta

ABOUT THE AUTHOR Jeff Vasishta

ABOUT THE AUTHOR Jeff Vasishta

Jeff is a writer, husband and father but not necessarily in that order. As a music journalist he counts Prince, Beyonce and Quincy Jones amongst those he’s interviewed. He's also owned and flipped homes in Brooklyn, NJ, CT and PA.

  • AGORAFY
    Stefano Boeri, the architect mastermind behind the famous plant-covered skyscrapers, is now designing Forest Cities in Liuzhou, China. #ForestCity #China https://goo.gl/PsTUwv
  • AGORAFY
    Auction is the second scheduled in a month for a One57 unit and it could set a NYC foreclosure record. #BillionairesRow #Foreclosures https://goo.gl/NZ3zqD
  • AGORAFY
    Once a couch-surfing website, Airbnb moves on to luxury properties, further disrupting hospitality industry. #Airbnb #Luxury https://goo.gl/7TpLk6
Four Countries To Retire In With $200K In Savings—And How Much Real Estate Costs There
Ever dreamed of retiring abroad? You know, affordable healthcare, better climate, more positive news—becoming an expat seems like an enticing option, especially one you no…
While Other Real Estate Platforms Start Charging Agents $3-Per-Day Exposure Fee, Agorafy Remains Accessible To All
Real Estate searching platform are always finding news ways to diversify their revenues models. Case in point—on Tuesday July 18, Streeteasy, one of New York…
Is Real Estate Crowdfunding The Fix That Urban Housing In America Really Needs?
Saving money for a down payment? One can only hope. Most millennial in their twenties or thirties are mortified that they might never be able…
Brooklyn And Queens’ Real Estate Sub-Markets Continue Their Ascent To The New Heights
So, the sales prices in Brooklyn and Queens hit record highs. Again. Just like they did in December 2016 and at the end of this…
The Economy Of Car Services And Delivery Apps Might Be Making NYC Less Eco-Friendly
Living in an eco-friendly neighborhood is a good thing. And, as it always the case with the good things, it also costs more. High rents…
Building Communities: What The U.S. Developers Should Learn From Soho China
As our world emerges into the new period of globalization and technology, some of the most important by-products of this process are buildings that have…
Five Reasons Why All Entrepreneurs Must Keep Their Eyes On China
It is hard to overestimate the importance of Chinese influence on the modern global economy. Carving out a place in Chinese market and winning over…
Airbnb Up Their Game With A New Luxury Tier Featuring Mansions And Villas
Airbnb is about to seriously up their game. First, the company started testing a new service called Select in an attempt to push accommodation listings…