Although he probably has other things on his mind right now (like a mayoral bid), John Catsimatidis appears to be gearing up to start construction at 162 Myrtle Avenue. The subject of much speculation in recent months as the weakening market has made the billionaire rethink the viability of his project, the 660-unit condo project is of public interest because of the need for a supermarket in the area. After getting a tip that the wheels might be starting to turn, we biked by yesterday to find a group of surveyors doing their thing. One of them confirmed that ground-breaking was imminent. Nothing new on DOB yet though. Interesting indeed.
Catsimatidis To Bring Back Myrtle Market [Brownstoner] GMAP P*Shark DOB
Catsimatidis “Taking a Hard Look” at 162 Myrtle Project [Brownstoner]
Catsimatidis Puts Myrtle Build on Hold! [Brownstoner]
Catsimatidis on Myrtle Revealed [Brownstoner]