Ready for Action at Oro 2 Site


It’s only been a couple of weeks since the sale of 313 Gold Street (aka Oro 2) hit public records and already there’re signs of construction on the empty lot at the corner of Gold and Johnson Streets. The DOB just issued a partial-job permit for the 35-story, 214-unit project. The site has been cleared of the cars that used to park there and in their place is a big digger. What’s more, the not-so-fresh-looking deli on the corner of the lot has been getting its innards gutted, judging by the adjacent pile of debris (photos on the jump). We’ve heard–but been unable to confirm–that the developer is Lalezarian Properties, the family-owned company behind the rental project on Tillary Street known as Brooklyn Gold.
Oro 2 Site Sells, Building Permits Renewed [Brownstoner]
Oro 2 Site in Downtown Brooklyn Now Officially Up for Sale [Brownstoner]
Oro 2 Debt Up For Sale [Browstoner] GMAP

3 Comment

  • This will be great in stretching the borders of Downtown and allowing the three Tillary/Flatbush lots to get developed creating a dense corner of residential and commercial. Great news for everyone that got in during the lean years. My guess is this will be rental and will see similar success to what the Avalon had. Thoughts on this being finished by Q2 2013?

  • Wowza, that was fast. Trolley, no way this will be ready in a year – not for a 35 story building. Its hard to believe that these parcels Oro, Oro 2, Avalon, Toren would be targets of development given their proximity to the projects yet they have – and have been very successful. Residential has been booming but retail/dining have lagged. The perpetual build out of the Toren grocery store is allegedly entering its final phase and should open next month, and the Avalon restaurant seems to be moving along, but overall this aspect of the area’s development seems to be taking longer than it should (La Defense has been a huge plus!). Would love to see development move forward on the Castimidis parcels on Myrtle (between Flatbush and Ashland). Unfortunately he seems to be less pressured to act than other developers. I know there was talk by one of his vps of work beginning later this summer but there has been no independent corroboration of this.

  • Wowza, that was fast. Trolley, no way this will be ready in a year – not for a 35 story building. Its hard to believe that these parcels Oro, Oro 2, Avalon, Toren would be targets of development given their proximity to the projects yet they have – and have been very successful. Residential has been booming but retail/dining have lagged. The perpetual build out of the Toren grocery store is allegedly entering its final phase and should open next month, and the Avalon restaurant seems to be moving along, but overall this aspect of the area’s development seems to be taking longer than it should (La Defense has been a huge plus!). Would love to see development move forward on the Castimidis parcels on Myrtle (between Flatbush and Ashland). Unfortunately he seems to be less pressured to act than other developers. I know there was talk by one of his vps of work beginning later this summer but there has been no independent corroboration of this.