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Last night the Carroll Gardens Neighborhood Association discussed the future for the 340 Court site, which has been uncertain since developer the Clarrett Group shut down their NY office earlier this month. Vincent Joseph, of the Union-Sackett Block Association, told the crowd that the sole owner of 340 Court is now lender Prudential Real Estate Investors, which is seeking a new partner to develop the property. Details of who that partner would be and if the design would remain the same are unknown. While Joseph said the development should be moving “very soon,” Council Member Brad Lander later said he didn’t “know if it’s realistic that this will move quickly.” Looks like the waiting game isn’t quite over yet….
Death Knell for Clarett’s Big Court Street Project? [Brownstoner]


What's Your Take? Leave a Comment

  1. The current owners, a real estate fund from Prudential, have selected Ken Horn and Alchemy Properties to work on this project and bring it to completion. This is a reputable firm with several well done projects in Manhattan, though I’m not aware of anything they’ve done in Brooklyn to date… It’s probably in better hands now than it was with Clarret.