A property that’s at the center of a development debate in Borough Park recently traded hands for $19.4 million, according to public records. The city is currently considering an application to rezone 886 Dahill Road—where an abandoned warehouse stands—to allow for the construction of a 12-story mixed-use property that includes 174 apartments, five townhouses and 70,000 square feet of retail space. An LLC headed by Martin Wydra (who developed Williamsburg condos like the Gretsch) bought the property from an LLC that named Eli Dweck as its managing member. According to a Times article published last year, Mendel Brach (of Finger Building fame) was one of Dweck’s partners and signed the deed for 886 Dahill, shelling out $8 million for the 64,000-square-foot lot in 2003. Whoever the parcel’s owners are, however, there may be trouble ahead for the planned redevelopment: Last month Community Board 12 voted against the rezoning proposal, saying its retail component would attract too much traffic. It’s very unusual that our community agrees on any issue whatsoever, said a CB 12 member quoted in Flatbush Life. Everybody in this community agreed that this project does not serve the needs of this community. A spokesperson for the Dept. of City Planning told us the rezoning proposal is in ULURP and is being considered by Marty Markowitz’s office.
Dahill Road Reject – Nabe Says ‘No’ to Proposed 12-Story Tower [Flatbush Life] GMAP P*Shark DOB
Photo by Kate Leonova Property Shark.