Oro 2 Site Sells, Building Permits Renewed


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

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