Brownfield Investigation Begins at 388 Bridge Street
Remember back in the spring when we broke the news that the 450,000-square-foot residential development at 384-388 Bridge Street in Downtown Brooklyn was being held up not by market conditions but instead by a lawsuit surrounding potential contamination from a dry cleaners that had been on the site for more than four decades? Although we…
Remember back in the spring when we broke the news that the 450,000-square-foot residential development at 384-388 Bridge Street in Downtown Brooklyn was being held up not by market conditions but instead by a lawsuit surrounding potential contamination from a dry cleaners that had been on the site for more than four decades? Although we reported at the time that the site had been admitted into the state’s brownfield program, the Department of Environmental Conservation just yesterday put out the formal announcement. Over the next two to three weeks there will be a “supplemental investigation” to determine whether full remediation is necessary; the most recent tests in November showed that the soil itself did not contain abnormal levels of contaminants but that the soil vapor did contain chlorinated vapor contamination. Following the supplemental review, the DEC will put together, and present for public review, a Remedial Work Plan.
Contamination Found at 384 Bridge Street, Lawsuit Filed [Brownstoner] GMAP
A Wrench in 388 Bridge Street’s Plans? [Brownstoner]
Sub-slab depressurization system. Problem solved. Oh wait! What about ‘green’.
***Bid half off peak comps***
Regardless of the original reasons for holding up the project… they’re not actually going to build this are they? What is this like a 250+ unit building?
Well, as long as they are all in the $700,000 or more range when they hit the market… I’m sure they’ll have no problem selling a couple hundred more “luxury” units.