The Steiner family, which operates a successful film and TV production studio at the Brooklyn Navy Yards, today revealed the renderings for a massive residential tower planned for downtown Brooklyn. It will be called The Hub, and is to be built at 333 Schermerhorn Street, at the intersection of Third Avenue and Flatbush Avenue. Douglas Steiner paid $30 million for the property, and plans to break ground early next year. 80 percent of the rental units will go at market rates—a 1,000-square-foot apartment would rent for $3,333 to $4,166 a month—while 20 percent of the units (144 in all) will be rented as "affordable" units.
Highlights, according to a press release, will include a 24-hour concierge, a giant landscaped common outdoor terrace with sundeck, a fully-equipped fitness center, yoga studio, locker rooms, a dog run, and a grilling terrace. Residents will enjoy multiple lounges and bike storage for every unit, and each residence will be pre-wired for cable, phone and high-speed internet connections. The project will also include retail space and parking for over 250 vehicles.
"Essentially the center of Brooklyn is moving south and east of downtown," says Steiner.
"We love this location. We're a short block or two from twelve subway lines and the LIRR. We'll have spectacular views, great layouts and an iconic presence on the skyline. And we're at the hub of so many great Brooklyn neighborhoods." Realtor Timothy King predicts the project will rent very quickly as long as long as the economy "stays on track," telling the Wall Street Journal, "The other challenges is that if the market takes a further nose dive. I think we turned the corner in that regard."
