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March 30, 2006

On the Radar: Big Things to Come at 50 Dean?

50 Dean
sign
Continuing our fascination this week with development activity near the downtown Atlantic Avenue corridor, we turn our sights to 50 Dean Street, a 70-by-100-foot lot between Smith and Court. A group named Dean At Boerum Hill LLC appears to have paid $4.3 million for the property last summer and taken out additional financing since to build 23 condos. We'd venture a guess that this LLC is jointly owned by the two entities emblazoned on the sign above, Recal and WexTrust. Other than that, we're flying blind here, folks. There's another vacant lot (a former garage, we believe) with a similar blue barricade directly across the street (see additional photo on the jump), though we haven't been able to connect the dots between the two owners.
GMAP P*Shark

49 Dean
P*Shark




Posted by Brownstoner at 11:04 AM | Comments (8)
Categories: Development

Comments

Bet the surrounding buildings aren't too excited about having their rear windows blocked. Bummer!

Posted by: Anonymous at March 30, 2006 11:39 AM

Google searches reveal Wextrust is a mortgage lender and Recal is apparently owned by Michael Zenobio who also is head of a development/construction firm at the same address called Abcon. DOB BIS pages show that Abcon is the builder/developer of a job at 560 7th Ave (at 19th Street) in Brooklyn. Anyone know what that building's like? It might give a clue as to quality of developer's product.

Posted by: John Ife at March 30, 2006 12:31 PM

Zenobio developed 81 St Marks Place - listed here:
http://www.onthemarkcondos.net/

Posted by: David at March 30, 2006 12:43 PM

Not too promising then. Here's a link to a photo of the St. Marks Place job:

http://cakeru.image.pbase.com/image/42188707.jpg

Posted by: John Ife at March 30, 2006 1:06 PM

Immediate vicinity has quite a few vacant(parkinglots) or underutilized large parcels that seem to be ripe for development - especially Atlantic/Pacific from Boerum to Smith.
As in Gravy, Pacifico are one story bldgs next to vacant lot.
BTW - the relatively new condo in background of this pic (on Boerum) I think is nice looking - even though I think is designed by Brownstoner commentors' nemisis, Scarano.

Posted by: Pete at March 30, 2006 5:31 PM

Anyone know what the current status of this development is? I heard there was a stop work order slapped on the barrier wall.

Posted by: Anon at February 19, 2007 1:27 PM

Any updates on the quality of what they are putting in here? There is a building going up....

Posted by: anon at March 8, 2007 3:13 PM

www.smithncourt.com

Posted by: Anonymous at June 28, 2007 10:58 AM

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