Pepper & Potter Prepped for Demo

In 2008, Magna Hospitality Group plunked down more than $10 million for the site of the former Pepper & Potter car dealership at the corner of Flatbush and Tillary only to end up faced with one of the worst financing environments in recent memory. Luckily for them and the 117-room hotel they wanted to build, though, they ended up being a lucky recipient of federal stimulus funding to the tune of $20 million. For the last several months, the building’s been undergoing asbestos abatement, a process which we gather concluded last week (photo). As a result, demolition should start imminently. Stay tuned.
Stimulus Boost for Downtown Brooklyn Hotel [Brownstoner]
From Cars to Mini-Fridges on Tillary [Brownstoner] GMAP

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