541 Washington Ave: Stalled, Sold or Both?

development
A reader writes in…I live next door to this empty lot that you reported on back in June. Since we’ve moved in in April, they’ve spent about two days working on it. Sometime in June, some workers came in and put more fencing around the site and put a new lock on, and then nothing since. Rumors are that the buliding was sold. Have you heard anything about what is happening there? As much as I love living next to our very own swimming pool, it would also be nice for our building to get our parking lot back (we’re owed spots inside the future building).

According to Property Shark, it looks like the 21,000-square-foot lot traded hands in June, just two weeks after we wrote it up. The price? $11,250,000, though a mortgage (presumably including a construction loan) of $25,430,300 was taken out the next day. Other than that, though, we haven’t heard any buzz.
Washington Avenue: This Could Be Huge [Brownstoner] GMAP P*Shark

By Brownstoner |