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August 28, 2009

Sign of the Times on 4th Avenue

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For many months now there's been a sign on the long-dormant development site at 4th Avenue between 7th and 8th streets advertising that it's for sale and including a rendering of a classic 4th Avenue condo-to-be. A new, bigger sign recently went up that indicates the seller is motivated, since it says that the price has been reduced. This listing for the property says it costs $3.2 million, though it's unclear whether that's been updated with the new price chop. GMAP DOB




Posted by Gabby at 11:00 AM | Comments (10)
Categories: 4th Avenue, Development

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Comments

> it's unclear whether that's been updated with the new price chop

According to this website I've heard of called Brownstoner, the asking price used to be $3.75m.

- http://bk.ly/vm

Posted by: DitmasSnark at August 28, 2009 11:14 AM

I also noticed that the development site between Fifth and Sixth Streets, formerly a BP gas station, is now being marketed for retail development. In other words, 'we're not going to be able to construct a residential building here anytime soon and neither are you, so take it off our hands and build a taxpayer instead.'

Posted by: altervoce at August 28, 2009 11:31 AM

The should build a Trader Joe's there. That would be a license to print money.

Posted by: DitmasSnark at August 28, 2009 11:42 AM

Bigger signs instead of just hitting one of the bids you already have (that's the market talking to ya). Genius.

***Bid half off peak comps***

Posted by: Brownstones Half Off at August 28, 2009 11:47 AM

They're building a Trader Joe in Gowanus or somewhere thereabouts I was told, by a Trader Joe's employee.

Posted by: infinitejester at August 28, 2009 12:57 PM

Trader Joe's in Gowanus has been in stasis for a while. Lots of issues with the developer. I would love for it to happen but it ain't gonna be soon. :( To be honest, they should just pick a new site (like this one) and JUST DO IT! the trader joe's in union square is a freaking nightmare of epic proportions. grocery shopping shouldn't be bloodsport.

Posted by: CG_ups at August 28, 2009 1:00 PM

> They're building a Trader Joe in Gowanus

Maybe they can take over that benzene-soaked lot that Whole Foods owns.

Posted by: DitmasSnark at August 28, 2009 2:33 PM

There are at least four 'developer sites' for sale on 4th Ave. This one's claim to fame is it already comes with filed plans. Whoppee-doo.

Posted by: denton at August 28, 2009 2:57 PM

don't they all claim to have done the hard work already for you?

Posted by: bkn4life at August 28, 2009 3:05 PM

> This one's claim to fame is it already comes with filed plans. Whoppee-doo.

And a copy of the home game. Next contestant, please.

Posted by: DitmasSnark at August 28, 2009 3:09 PM

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