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Falling Rents Help Brooklyn Brewery Stay, and Expand
Falling Rents Help Brooklyn Brewery Stay, and Expand
The Brooklyn Brewery has been able to expand its plant in Williamsburg because gentrification has slowed and rents are falling.
Brooklyn Brewery receives state funds
nypost.com — The bootlegging barons of the prohibition era must be smiling in their graves.The state government last week awarded $800,000 to the Brooklyn Brewery to jump-start their $6.5 million expansion in Williamsburg.The company, along with its signature Bro... (more) Brooklyn Brewery receives state funds
Recession Keeps Brooklyn Brewery In Williamsburg
Recession Keeps Brooklyn Brewery In Williamsburg
gothamist.com — Photograph by bitchcakesny on Flickr If you've been looking for the silver lining in the recession, here it is: Thanks to plummeting industrial real estate values, the Brooklyn Brewery will be able to stay in Brooklyn. Just last summer, the ... (more) Recession Keeps Brooklyn Brewery In Williamsburg
Brooklyn Brewery Releases Backbreaker While Bacon-Beer Supply Dwindles
Brooklyn Brewery Releases Backbreaker While Bacon-Beer Supply Dwindles
newyork.grubstreet.com — A while back, a good month before the “bacon fat candle” hit the scene, we brought word that Garrett Oliver, brewmaster at the soon-to-expand Brooklyn Brewery , had created bacon beer. It was taunting and daunting enough that some of the ... (more) Brooklyn Brewery Releases Backbreaker While Bacon-Beer ...
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Bronx fire razes 14 Bainbridge Avenue shops, Rockrose split was settled by a swift coin toss ... and more
The Real Deal New York - Latest News — ... at 36 percent discount [NYT] 4. Brooklyn landlord slapped with fine after refusing to install shower for handicapped, rent-controlled tenant [Post] 5. Bronx fire razes 14 Bainbridge Avenue shops [NYDN] 6. West End Ave. may become historic district [Observer] 7. Swanky Connecticut offices of failed hedge fund sit empty [NY Mag] 8. Brooklyn Brewery thrives as gentrification slows in Williamsburg [NYT] 9. Drunken arsonist targets 9-11 Memorial Park chapel that housed ...

Norwood fire razes 14 Bainbridge Avenue shops, Rockrose split was settled by a swift coin toss ... and more
The Real Deal New York - Latest News — 1. Swanky Connecticut offices of failed hedge fund sit empty [NY Mag] 2. Rockrose split was settled by a swift coin toss [NYT] 3. Brooklyn Brewery thrives as gentrification slows in Williamsburg [NYT] 4. Norwood fire razes 14 Bainbridge Avenue shops [NYDN] 5. Drunken arsonist targets 9-11 Memorial Park chapel that housed victims' remains [NYDN] 6. Thompson offers plan to hold line on rents and fares [NYT] 7. Despite Bloomberg's major efforts, Buildings Dept. ...

Monday AM Linkage
Curbed NY — [Taxi crash leads to scaffolding wreckage at Broadway and 8th Street, via Neighborhoodr.] · Even if you get approved for a loan, your apartment may not [NYM] · Navy's new U.S.S. New York, made with WTC steel, sails here today [NYDN] · Ouroussoff visits the Grand Concourse re-envisioned exhibit, is touched [NYT] · Slowing Williamsburg gentrification means Brooklyn Brewery will stay [NYT] · Charity auction item: free rent on ...

Bar Group Assails Varick Street Detention Center
City Room — ... by a BB while standing outside a “haunted house” for Brooklyn kids and their families, authorities said yesterday. Cyanna Watts, 14, was recovering last night from surgery on her right eye’s shattered lens in the wake of the 7:23 p.m. Saturday attack at Marcus Garvey Boulevard and Macon Street. [New York Post] Housing & Economy The Brooklyn Brewery is taking advantage of the softer real estate market to grab a bigger chunk of space before it could be snapped up and converted into another hotel, store or apartment building. [NYT] The sale of two shuttered Queens hospitals to ...

Brooklyn Brewery Staying Put Courtesy of Weak Market
Brownstoner — ... reduced the competition from other uses like hotels, bowling alleys and upscale markets, and a $800,000 grant from the state, Brooklyn Brewery has managed to negotiate a new lease that will let the beer maker stay put for another five years. “When the recession hit in, like, August or September last year, all of a sudden the landlords here in Williamsburg were looking much more favorably on us as a long-term tenant,” Brooklyn Brewery's founder Steve Hindy told The New York Times. Soft Real Estate Market Is a Key Ingredient at Brooklyn Brewery [NY Times] Photo by ...

How the Tables Have Turned: Thanks to the recession, Brooklyn Brewery...
Eater NY — ... Thanks to the recession, Brooklyn Brewery in Williamsburg was finally able to expand in its own neighborhood, an outcome that wasn't so certain two years ago: "'They were all hoping to get the next bowling alley or boutique hotel or Whole Foods or a bank,' Mr. Hindy recalled. Indeed, a hotel is being built across the street from the brewery, and the bowling alley-nightclub has opened next door. But the boom that spawned those concerns ended with the implosion of New York’s financial industry last year." [NYT] ...

Recession Keeps Brooklyn Brewery In Williamsburg
Gothamist — ... Though the Brewery is located in one of the city's Industrial Business Zones, the area had faced encroachment from non-industrial tenants like a planned hotel and the bowling alley/restaurant/nightclub combo Brooklyn Bowl that had driven property values sky-high, Brooklyn Brewery founder Steve Hindy told the Times. “When the recession hit in, like, August or September last year, all of a sudden the landlords here in Williamsburg were looking much more favorably on us as a long-term tenant." ...

Recession benefits some businesses
Queens Crap — From the NY Times: Less than two years ago, the Brooklyn Brewery found itself in a bind that had squeezed many companies out of New York. It wanted to expand, but the rapid gentrification of its neighborhood, in Williamsburg, Brooklyn, had pushed rents beyond what it could afford. That was before the recession took hold in the city. Now, the brewery is taking advantage of the softer real estate market to grab a bigger chunk of space before it could be snapped up and converted into another hotel, store or apartment ...

Related: brooklyn brewery news
Brooklyn Brewery Expanding!Gothamist
Thanks, Government! Last week the state gave Brooklyn Brewery a grant for $800,000 to help their $6.5MM expansion through Williamsburg. They money will go towards converting 13,500 square feet of vacant distribution space into a fermentation facility, and upping their production from 8,000 to ...
Brooklyn Booze BoomBoozy NYC
Brooklyn Brewery is expanding production capacity and has just received a grant of $800,000 from New York State. The grant will help start the $6.5 million renovation that will allow for a tremendous increase in production - from 8,000 barrels annually to 50,000 - not to mention the creation of ...
Coming Soon To Williamsburg: 6 Times More Brooklyn BreweryL Mag
Yesterday the Post reported the good news that North Williamsburg's Brooklyn Brewery will be receiving some $800,000 in state funding to expand their facilities and increase their annual capacity from 8,000 to 50,000 barrels. The brewery was reportedly contemplating leaving the borough to ...
Regional banks continue to fall, Brooklyn Brewery wins state funds for expansion ... and moreThe Real Deal New York - Latest News
1. New Fed regulations on appraisers are depressing home prices, say industry groups [Detroit News] 2. Brooklyn Brewery wins state funds for expansion [Post] 3. City Planning commissioner Amanda Burden reflects on being "design-obsessed" [Media Bistro] 4. Katz Media Group a prized tenant ...