Brooklyn's Bushwick is Getting a Boutique Hotel
While there is an indie band named The Bushwick Hotel and a soon to reopen Bushwick community arts center called Market Hotel, there's not a whole lot of actual hotels in the rapidly gentrifying Bushwick area in Brooklyn. Inevitably, that's set to change.
Last week Madison Realty Capital announced the closure of a loan to finance a 23,719 square-foot, 60-room boutique hotel at 19 Bogart Street in Bushwick. Plans for the property also include four commercial units for ground-floor retail opportunities.
Joshua Zegen, Co-Founder and Managing Member of MRC, made the announcement saying:
"Bushwick is today what Williamsburg was 10 years ago – a destination for New York's creative class that continues to increase in popularity ... Given the limited competition we expect the project to succeed."
Indeed they are getting in on the ground floor here; while there's not currently any hotels in the immediate area to compete with, that won't last long. Already there are rumours of hotel plans for 1090 Myrtle Avenue, about a 10-minute walk from the Bogart Street site.
Worth mentioning, too, that other new hotels in the works within a mere two miles include Juan Figueroa and Oppenheim A + D's 250-room hotel at 175 Broadway, next to the historic Williamsburgh Savings Bank building; the new Pod Hotel at Driggs and North 4th, and the possible (not confirmed) Hoxton Hotel at 93 Wythe Avenue.
[Photo: Google Street View]