What's Going on at Katan's No-Go 6th Street Site?

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Once upon a time, in a boom now past, Isaac Katan had plans to develop a 4th Avenue building half a block away from the Novo, which he also had a hand in. The 12-story, 107-unit project hasn't seen any action on the DOB-permit front in more than a year, and nothing's happened in real life at the site since then, either. The only thing of note concerning the parcel this year, in fact, is that Property Shark recorded a lis pendens on it in January. Until now: A reader sent in the above photograph, noting that the site is has started sporting signs from the commercial brokerage Kalmon Dolgin that tout a "prime retail space." Her questions, and ours: "Any thoughts on what might move in? Also on our minds: Why is it being sold as a retail site and not a development site?" Anyone know?
New Entry in the 4th Avenue Development Game [Brownstoner] GMAP DOB

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Construction is slated to begin soon. Financing has just been arranged and the project is moving forward.

Posted by: pflammang at June 26, 2009 11:40 AM

Starbucks! Starbucks! j/k

Question: Do you think someone would really build "retail only" here? 1-2 stories, etc. with no residential on top?

Isn't that what they tried on the other side of the street in front of Pep Boys and failed?

Prediction: another hole in the ground for awhile ... Bummer.

Posted by: Mr Joist at June 26, 2009 11:42 AM

Katan has sold it to another developer.

i could see it being developed as a cheap 'taxpayer' site until things get better. A single story drive thru with a Duncan Donuts and a Domino's Pizza. Then tear it down when the market recovers and build new condos.

Posted by: denton at June 26, 2009 11:59 AM

I wish Whole Foods would look at some of these sites on 4th.

Posted by: ebklyn at June 26, 2009 12:43 PM

Since it's too late for stylish architecture on 4th Ave -- most of what has gone up recently is pretty wrteched looking -- could we at least get some decent retail? How about Crate and Barrel or CB2? If not Whole Foods, at least a Fairway, or Sahadi? What about a huge 2nd hand record store? Borders (well, I guess not, since they're probably going out of business this year)? Anyway you get my drift.

Posted by: grand army at June 26, 2009 1:44 PM

It is still supposed to be a 12 story condo or rental. Katan is mostly out and Tona Development has taken over. They keep talking about getting financing, but nothing has happened yet.

Posted by: Nendo at June 27, 2009 6:24 AM

Just walked by the other day. Someone wrote on the sign, "Construction sites like these ruin communities." I'd have to agree.

Posted by: gowanusgrrl at June 29, 2009 2:02 PM

« Price Cuts at 111 Monroe Street Commercial Klutch: June Edition »

June 26, 2009

What's Going on at Katan's No-Go 6th Street Site?

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