Hager Re-Ups in Williamsburg Big-Time

One of Williamsburg’s biggest developers is still betting big on the Burg. Issac Hager’s North Development Group—which had a stake in the Aurora, Ikon and 20 Bayard, the three contiguous buildings on Bayard overlooking McCarren Park and is building the triangle tower in Downtown—recently paid a pretty penny ($42.5 million, to be more exact) for a lot on South 8th Street between Kent and Wythe. DOB filings on the property stretching back a few years show that the previous owners ("Waterview Gardens, LLC") had plans approved for a 7-story, 20 unit building; the most recent filings indicate that's still North Development Group's intention but it seems to us he'd have to build something significantly larger to justify that purchase price. Whatever ends up getting built, though, we find the investment interesting, since we read it as a show of confidence in the immediate area (across the street from Schaefer Landing and a few blocks away from the Domino) despite the thousands of units already on the drawing board. Update: A commenter points to an approved building permit for 20 stories!
Drilling Down Into McCarren Park Development [Brownstoner] GMAP P*Shark DOB
Flatbush Flatiron Gets Ready for Take-Off [Brownstoner]

Trackback Pings

TrackBack URL for this entry:
http://www.brownstoner.com/mte/mt-tb.cgi/3286

Comments

Brownstoner: you are incorrect!! Hager was a very small partner in Ikon and has since been bought out entirely. Ikon is a development of Bronfman Fisher Real Estate Holdings. Aurora is a partnership between the 2 (and others). 20 Bayard is all his.

Posted by: guest at December 20, 2007 11:49 AM

"which had a stake in..." Uh seems like he is corect.

Posted by: Putnamdenizen at December 20, 2007 12:09 PM

I think its not ganna be luxsury condos , its ganna be for hasidim

Posted by: guest at December 20, 2007 12:59 PM

I walked by today at 113 South 8th St. an empty lot and noticed some new activity looks like it’s also the Hasidim. If anyone has any information, please post.

Posted by: guest at December 20, 2007 2:01 PM

20 story tower here....no lie....check dob for 110 south 8th st

http://a810-bisweb.nyc.gov/bisweb/JobDetailsServlet?allisn=0000933488&requestid=1

Posted by: guest at December 20, 2007 3:05 PM

Keep them coming. More selection the better for my condo shopping needs. Bring it on in Downtown Brooklyn

Posted by: guest at December 20, 2007 3:22 PM

11:49AM:You got your facts all wrong,
Bayard st facing the park AK Karl Fischer row is the brain child of Isaac Hager he had this vision in 2004 and he brought his vision to bear. He is a partner in the Ikon and the Aurora but did not develop them by him self 20 Bayard he is developing with his company called north true construction. Hager and co. are just completing the big building on south 4th street at the foot of the Williamsburg Bridge. So before you go hey browenstoner you are all wrong check you facts

Posted by: guest at December 20, 2007 3:34 PM

Hasidic Housing - CONFIRMED.

Posted by: guest at December 20, 2007 9:51 PM

3:34PM - where did YOU get your facts? Check them again. and go ask your Rabbi before posting on the evil internet.

Posted by: guest at December 21, 2007 11:21 AM

THE link above is for something at 424 Bedford (@ S 8th), at least if it's possible to copy the link off of the post properly. So that doesn't help so much, guest. If you are going to state, OTHER GUEST that something is Hassidic housing, then pony up something that others can confirm. Brownstoner is ANNOYING with all this rumor BS. FACTS people. Love all the attitude and sensationalism. Awesome. Hey, um, could I get some facts? Something that RESEMblES factual information. Oh, I'm in the wrong place.... :-P sorry

Posted by: weebeast at December 29, 2007 10:18 AM

« Heights Residents Want Precinct Housing After All? Problems Commenting? »

December 20, 2007

Hager Re-Ups in Williamsburg Big-Time

Trackback Pings

Comments

Post a comment

Latest Restaurant Additions