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As noted last week, the long-stalled hole-in-the-ground blighting the corner of Eastern Parkway and Franklin Avenue finally sold to a new owner, and over the weekend the blog I Love Franklin Avenue dug up the latest rendering for the 62-unit project, which was included in the package on the property aimed at potential investors. The Gene Kaufman-designed rendering has a similar flavor to the latest mock-up we saw, last spring, but with a few tweaks. Right now we’re wondering when construction will finally start and whether we’re talking condo or rental. These days, the money is almost always going to the rentals.
New Images for 341 Eastern Parkway: Investment Package and Layout [I Love Franklin Avenue]
Big Lot at Eastern Pkwy/Franklin Finally Sells for $8M [Brownstoner]
Long-Empty Crown Heights Lot Up for Grabs [Brownstoner]
Restart Coming for 341 Eastern Parkway? [Brownstoner]
Development Watch: 333 Eastern Parkway [Brownstoner] GMAP DOB

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A long-empty lot in a prime Crown Heights location next to the Franklin Avenue subway stop just sold for $8,265,000. The lot went on the market last November for an unspecified price. Plans have been off-and-on here since 2007, with a few renderings coming out along the way. The most recent permit approved by the DOB was in 2011 for an eight-story, 65-unit building. In any case, this is certainly a valuable location on an up-and-coming corridor. I Love Franklin Avenue, which had a post on the sale, notes that the buyer of the lot shares an address with a Nassau County-based firm called BlueJay Management.
Long-Empty Crown Heights Lot Up for Grabs [Brownstoner]
Restart Coming for 341 Eastern Parkway? [Brownstoner]
Development Watch: 333 Eastern Parkway [Brownstoner] GMAP DOB