Last year, we were wondering what happened to North Development Group’s planned condo at 172 Nassau Street in Downtown Brooklyn. Nothing had been filed after the Department of Buildings disapproved of plans in 2006 for a 21-story, 85-unit tower that would replace the Mayfair building (at right in top photo) and its garage so we began to wonder if plans were collecting dust on architect Karl Fischer’s shelf. (There’s an ancient rendering of Karl’s at right and another rendering for the same address here.) But last month, demolition permits were filed for both buildings, and for the first time, the apartment building next door (at left in top photo). Owner’s rep Ken Clinton said the developer is indeed moving forward with the project, with some minor changes, declining to elaborate. One thing’s for sure—the price tag ballooned. On architect Karl Fischer’s website, the tower is slated to cost $18 million, completed by this year. As of December, the Downtown Brooklyn Partnership has the tower pegged at $45 million.
Development Watch: What’s Holding Up 168 Nassau Street? [Brownstoner]