One important question growing out of the ongoing credit crisis is how it will impact green construction projects in emerging neighborhoods. Obviously this inquiry isn't limited just to New York City, but a good example is the Knickerbocker Condominiums in the Bushwick section of Brooklyn.
Developed by Hudson Companies, Inc. the 49-unit project contemplates the adaptive reuse of existing housing stock into modern loft apartments. The developer plans to seek a LEED rating for the project, and green features include LEED-standard recycled-content construction materials, a bicycle storage room, efficient building systems, and a public green roof. Over 40 percent of units at the Knickerbocker feature some sort of private outdoor space. The project is also participating in NYSERDA's Multifamily Performance Program, which offers incentives to developers who build energy efficient options into their design programs.
It will be curious to see how the project fares in the current economic climate; will purchasers still invest in a fringe location in order to be in a green building? If not, can we draw any conclusions about attitudes towards green and, more specifically, LEED?
In any event, the Knickerbocker is located at 320 Knickerbocker Avenue and sits two blocks from the J and M trains. No further details about the project team or delivery date appear available, though we'll certainly follow up once they are.
- Knickerbocker Condominiums (Hudson Cos.)
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