Renovations Coming to Thor's Boerum Hill Corner

Last month we reported on Thor Equities’ purchase of 292-294 Atlantic Avenue, a property that includes the New St. Clair Diner. Turns out the Brooklyn Paper beat us to the punch, reporting that Thor purchased the property at an auction in December. The paper also had this to say about the company’s plans: “[Joe] Sitt is roosting on his plans for the space, although a Thor rendering shows that a glitzy boutique could be one option.” The article mentioned that building could be converted into a seven-story tower, which zoning allows. Thor Equities spokesman Stefan Friedman gave us an update on the current plans for the properties, which don’t include a wrecking ball: The New St. Clair took a buyout and will indeed be replaced; there will be no teardown, the new retail tenant and residential upstairs will stay as is; and a building renovation is coming up ASAP. There’s still no commercial tenant secured, though! What do you think would work for this corner? It’s worth noting that the large ground-floor space just across the street, next to the Nu Hotel, has been looking for a suitable tenant for a number of years now.
Thor Equities Buys Boerum Hill Props Over Ask [Brownstoner]
Prime Boerum Hill Buildings on the Market [Brownstoner] GMAP