Million Dollar Price Cut at FG Development Site

Anyone else notice that the price for 167 South Portland, the big development property in Fort Greene which no longer includes the big yellow mansion at 154 South Oxford, was recently dropped from $9 million to $8 million. The site includes a total of 47,000 buildable square feet, including 43 feet of frontage on South Oxford and 71 feet of frontage on South Portland. Now well under $200 a buildable foot, we’d think there’d be some interest. Anyone know why this isn’t moving?
167 South Portland Avenue [Douglas Elliman] GMAP
Everything But the Mansion [Brownstoner]
Designs for FG Tower To Preserve Mansion [Brownstoner]
So. Oxford Mansion Goes for $13 Mil [Brownstoner]
154 South Oxford Profile [Property Shark]
May 21, 2012 | 02:16 PM