Development Watch: 315 Greene Avenue/136 Clifton Place

When City Planning approved the downzoning of what it calls Bed-Stuy South on October 29th of this year, one of the projects that was caught with its pants down was 315 Greene Avenue aka 136 Clifton Place. The Department of Buildings was on the scene to inspect the three-plot worksite the next day and found thatdespite a full-court press at the last minutenot enough of the foundation was complete to allow the project to vest under the old zoning. As a result, the project was hit with a Stop Work Order that’s still in effect. We assume that the developer, a group called Rainbow Capital, is going to try to plead hardship in front of the BSA, but we haven’t been able to confirm. Anyone know what’s going on? Interestingly, the money behind the project is coming from none other than the Community Preservation Corporation of Domino Sugar Factory fame. GMAP P*Shark DOB
Feb 06, 2012 | 12:32 PM