We receieved an email from an alarmed resident of Park Place in Prospect Heights this week. The subject of concern: The tear-down of a hundred-year-old house (one of three free-standing houses on the block) to make way for a five-story apartment building is underway, with the second floor having been completely removed already. Unfortunately, the block ain’t landmarked, though until this point it had been very well preserved. We wrote about this place back in January 2005 when we reported that it had been the subject of a bidding war. And what a bidding war it was. Listed at an initial asking price of $1.175 million, the deal ultimately closed at $1.4 million in July of ’05. The developer is somebody named Mark Schildkraut. Anyone know what this guy’s track record is? Are we in for an aesthetic disaster?
Bidding War in Prospect Heights [Brownstoner] GMAP P*Shark