The harder they come, the harder they fall. One of the city’s (and Brooklyn’s) most prolific developers of the last decade, Shaya Boymelgreen, has been getting hit from all sides in recent months. As a New York Times article detailed yesterday, the 58-year-old former asbestos inspector is juggling both bankruptcy and eviction in the wake of the real estate market bust and collapse of his business relationship with Lev Leviev. This guy was headed to be the next Robert Moses, Howard L. Zimmerman, an architect who had worked on three of Boymelgreen’s Brooklyn projects, told The Times. He just flamed out. I don’t think he had the infrastructure to sustain the growth.
A King of Real Estate, Fallen on Harder Times [NY Times]
Photo from Lost City