Three months after the 170-by-100-foot lot on the corner of Gold and Johnson Streets (known in these parts as the proposed Oro 2 site since it was originally owned by the developer who built the Oro across the street) hit the market, it has sold for $19 million. The buyer is hiding behind an LLC called “Brooklyn Princess.” The approved plans call for a whopping 35 stories and 214 units, though the original listing (no longer available) said that there were air rights that could be purchased that would increase the size to 296 units over 40 floors. There’s reason to think that the new owner is sticking with the original plan: The DOB issued a renewal on a new building permit just yesterday. Wonder if it’ll still look like this.
Oro 2 Site in Downtown Brooklyn Now Officially Up for Sale [Brownstoner]
Oro 2 Debt Up For Sale [Browstoner] GMAP
The Brooklyn Home Company broke ground recently on a four-unit condo building at 84 Congress Street in the Columbia Waterfront District. A joint venture with MESH Architectures, this project looks nothing like Brooklyn Home Company’s conversions in historic buildings we wrote about last week, as a rendering on the fence shows. Designed by Mesh Architecture, the 6,720-square-foot building […]
As we approach the May 1 deadline for Mayor de Blasio to present his plan for 200,000 units of affordable housing, housing advocates and preservationists worry that increasing the percentage of affordable housing in private developments will require outsize development in Brooklyn. Last week’s approval of Domino, which will have towers reaching up to 55 […]
It’s not exactly news that as neighborhoods gentrify, the artists who jump started the process are priced out. However, it may be the end of the line for some artists priced out of Industry City in Brooklyn, the huge industrial complex in Sunset Park, according to a story in The New York Times. The Times […]
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