If You Can’t Beat ‘Em, Get Bought Out!

Remember back in 2006 when there was great neighborhood opposition to Joseph Chan (no, not that Joe Chan) erecting an 11-story residential building at 380 Baltic Street? Well, part of the reason the complaining stopped was that the project was approved and, in the end, there wasn’t really a whole heck of a lot that anyone could do to stop it. Of course, it also helped that one of the major protesters against the project ended of selling the adjacent house to the developer for $1,250,000, arguably a modest premium over what the three-story vinyl-sided house might have fetched on the open market. As you can see at the right of this photo, the house has already been demo’d in preparation for a new five-story building.
Chan Still Putting Up 11 Stories on Baltic [Brownstoner] GMAP
Baltic Street Update: Chan Engages Critics [Brownstoner]
Baltic Bigtime: Negotiating a Tower in Boerum Hill [Brownstoner]
May 21, 2012 | 02:16 PM