Developer Snaps up Big Site Downtown

The unusually large development site at 300 Livingston Street downtown, currently being used for parking and retail, has been sold to developer TF Cornerstone for about $75 million, Crain’s reported. Under current zoning, the developer could build a residential tower of up to 600,000 square feet on the spot. “The deal is one of several development parcels to trade hands in recent months, as builders have become eager to get in the ground again with residential projects to meet rising demand and prices,” noted the story. Current tenants include Subway, IHOP, Papa John’s and Enterprise Rent-A-Car. What would you like to see in this location?
Developer Pays $75M for Downtown Brooklyn site [Crain’s]
Huge Downtown Site up for Grabs [Brownstoner] GMAP
Photo by Massey Knakal