Forest City Ratner’s office building at 10 MetroTech Center, between Hudson Avenue and Rockwell Place, is slated for a teardown this September, according to The New York Observer. A residential building — no word on its size or look — will go up in its place. FCR has owned the 359,000-square-foot building, a former candy factory, since 1989. According to the Observer, the building’s $40 million non-recourse mortgage “technically remains in default,” but FCR isn’t in danger of losing the building. The property at 625 Fulton Street shares a lot with 80 Dekalb, the 34-story residential tower situated on the north side of the parcel.
Forest City, Avoiding Default, Will Demo for Residential [NY Observer]
Photo via PropertyShark
Small real estate brokerages are flourishing in brownstone neighborhoods in Brooklyn, according to the Times, where buyers seek their local expertise and deep connections. In Bed Stuy, Evans & Nye is becoming known for having sold some of the most beautifully appointed and highest priced brownstones in the neighborhood, many just under $2,000,000. In April, […]
In a five-part series, The New York Times followed an 11-year-old girl living with six siblings and her parents in a homeless shelter in Fort Greene. The story contrasts the appalling conditions at the shelter — it has made headlines for years for having no heat and other problems — with the changes in the […]
We saw this limestone on the house tour a few years back when it was under construction by the contractor who has owned it since 2002. Now it’s on the market for $3,000,000, which would certainly set a record for a townhouse in Bed Stuy, as BK to the Fullest was the first to point […]
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