Work has been underway at John Catsimatidis’ project at 162 Myrtle Avenue for a month or so at this point. The action for now seems to be focused on the eastern end of the site, at the corner of Myrtle and Ashland Place, where a sizable hole has been dug and foundation work is presumably underway. As you may recall, in May the developer told the Brooklyn Paper that current market conditions were making it necessary to eliminate the affordable housing component of the project and to break it up into four (more easily financed) separate buildings.

UPDATE: Per a request in the comments thread, we called Red Apple HQ to find out more about the ultimate configuration of the project. Turns out that the tower is still slated for its original location at the western end of the site; if you look at the rendering here, you can see how the non-tower part of the building is already designed in three natural sections. All that’s happening is that these three sections plus the tower are being financed as four different projects. Nothing’s happening to the scale or layout.

UPDATE II: See the permit for the first new, nine-story building issued on June 23 here.
Catsimatidis Tweaks Blueprints for Myrtle [Brownstoner] GMAP P*Shark DOB
Development Watch: Catsimatidis Ready to Go on Myrtle? [Brownstoner]