Luxe Living turns Dumbo into a world famous gem
In another overnight success story, Brooklyn’s Dumbo neighborhood rose to fame with tourists and homebuyers, barely 235 years after its inception.
The enclave whose acronym stands for Down Under the Manhattan Bridge Overpass began as a village called Olympia. later became part of the parish of Brookland, and eventually a corner of Brooklyn in New York City. In recent years it has grown from a district of 19e– and early 20eindustrial structures from the last century in a colony known for its art galleries and now a haven for tech startups. Along the way, as its warehouses evolved into high-end lofts, it became one of Brooklyn’s most invigorating niches.
“Brooklyn has always been hip, and Brooklyn has always had that cool energy, but I wouldn’t say ten years ago it was luxurious,” says Fredrik Eklund of Eklund | The Gomes team at Douglas Elliman.
“What has happened since then is an explosion of wealth moving across the river to Manhattan and shifting from an alternative to Manhattan for the most part to a preferred place to live. . . Brooklyn has some of the best schools, restaurants, and culture New York has to offer.
Karen Heyman of Sotheby’s International Realty adds, “I have been selling real estate in Dumbo for 20 years, and it has grown from a hidden gem to an internationally renowned destination. Brooklyn is no longer an afterthought in Manhattan when searching for luxury real estate. . . This is the first choice.
Among the high-end properties that have helped Dumbo gain worldwide fame, one of the most notable is Olympia Dumbo, a 33-story condominium showcasing the architecture of Hill West and the interiors and amenities of the architectural firm of interior and architectural workstead. “Since the launch of sales at Olympia Dumbo, we have seen an unprecedented response from buyers interested in the prime location in the heart of Dumbo, the 38,000 square feet of amenities and the highly designed residences with stunning views” , said Heyman.
Of course, coveted neighborhoods don’t earn this reputation just by adding a single luxury skyscraper. The array of acclaimed new buildings in Dumbo might be the envy of twice the size of urban enclaves, so let’s waste no time listing a few of the notables.
Before and York. Located in downtown Dumbo, just across the street from York Street subway station (just one stop from Manhattan), Front & York’s look pays homage to the historic character of the neighborhood. It includes 320 rental residences, 408 condominiums and 77,000 square feet of amenities including a half-acre park. The eighth floor of the property serves as indoor and outdoor meeting places that can be booked for private functions. “Front & York is the first fully-furnished luxury residential experience in Dumbo, something the neighborhood has long been waiting for,” said Jason Schreiber, director of Front & York co-developer CIM Group.
168 Plymouth. Erected in 1891 and expanded 30 years later, this former industrial complex was the last loft conversion in Dumbo. It features a pair of landmark structures now transformed into 46 houses. The residences speak to the history of the property and its surroundings, showcasing high ceilings, huge windows, and exposed brick and wood or concrete beams and columns.
98 Front Street. This collection of modern condominiums symbolizes the creative vibe that resonates throughout the enclave, offering co-working spaces to accompany a range of health and fitness equipment, from the saltwater pool to the spa and the fitness club.
60, rue de l’Eau The hallmark of this 290-unit condominium resides in its 17 fully glazed floors of bright spaces. Luxury features and finishes include oak floors, solar shades, central air conditioning, built-in washer-dryers, and generously sized private decks. The skyscraper also offers a fully landscaped rooftop terrace with stunning views of the East River, Brooklyn Bridge, and Manhattan skyline.