Catsimatidis Doubling Down on Myrtle


It’s not happening as quickly as everyone would have hoped, but billionaire John Catsimatidis appears to be preparing to build his second of four promised buildings on Myrtle Avenue between Ashland Place and Flatbush Avenue in Downtown Brooklyn. As you may recall, he had to shelve plans to do the whole complex (initially two towers then scaled backed to four smaller buildings) at once when the world fell apart a few years ago, opting instead to do a single rental building (The Andrea) as a good faith gesture. But at the end of June he filed for a new 15-story mixed-use building at 81 Fleet Place. The DOB application calls for about 160,000 square feet of residential and 13,000 square feet of commercial. This filing was followed up by structural drawings at the end of July. This is what the rendering looked like back in 2007 but we can’t find anything more recent. GMAP

One Comment

  • The man tore down a neighborhood’s supermarket, drug store, laundromat and liquor store without having funding to proceed with the replacement buildings and you’re calling The Andrea “a good faith gesture?” Wow! That is some serious revisionist history. The rental building has been up for a while now; is it too late to nominate him for humanitarian of the year?