A block away from the controversial development at 333 Greene, there’s an 8,000-square-foot residential development in mid-construction. When we walked past it earlier this week, it struck us as Scarano-esque, which is not surprising because, as it turns out, it is a Scarano project. While we haven’t always been easy on the man or some of his designs (though we did opine favorably on this one recently), we have to say that we think this building is a positive development (no pun intended) for the nabe. It’s also interesting to note that it is being built for $250 a square foot. We don’t know exactly how much a Fedders building costs to construct but it can’t be a whole lot less. If the developer can acquire the land at $100 a buildable foot, build it for $250 a foot and sell it for $450 a foot, everyone’s a winner, right? GMAP