Commercial Real Estate

An eagle-eyed reader snapped this photo of some action at the mattress factory at 1901 8th Avenue. Why is this notable? It’s the same building that the Brookyn CoHousing group spent much of the last year planning to buy and renovate for their experiment in communal living. Unfortunately, though, the CoHousing deal is not a done one. From what we hear, the owner of the property ran out of patience as the bank kept raising the financing hurdles for the CoHousing group and sold the property to another buyer recently (nothing is filed in public records yet). As we understand it, there is still the possibility that the new owner could work something out with CoHousing, but in the meantime the group is still looking for alternative sites. On the jump, a photo of the interior of the mattress factory from a few months ago.
More Trouble for CoHousing Group [Brownstoner]
Banks Throw Co-Housing Project a Curveball [Brownstoner]