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September 28, 2009

Work Resuming at Oro Part Deux?

oro-part-deux-0909.jpg
oro-2-from-above-0909.jpgIn the spring of 2008 it was announced that the second Oro site on Gold Street in Downtown Brooklyn was going to be a Hilton hotel. After that announcement, however, the hole in the ground remained untouched for well over a year while the real estate market imploded around it. In recent days, however, there's finally been some action at the site. The pit in the ground has been filled in and smoothed over. We're assuming the work was just to clean up the site for long-term lay-away and no one we reached out to could tell us anything specific. There've been no new applications filed or approved in recent months either. Anyone know what the deal is? In related news, there's been a changing of the guard at the original Oro: Rose Associates has taken the reins from Elliman. Listings (and there are a lot of them) can now be found here.
Second Oro's Hotel To Be a (Nicky-less) Hilton Hybrid [Brownstoner]
Oro 2 Still Shooting for Hotel Component, Says Attorney [Brownstoner]
What's Up with Oro Part Deux? [Brownstoner] Development Watch: Son of Oro, All 40 Stories Of It [Brownstoner] GMAP DOB
Son of Oro, All 40 Stories Of It [Brownstoner]




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Comments

DOB is requiring stalled developments to backfill in order to extend building permits.

Posted by: BrooklynLove at September 28, 2009 12:08 PM

well there you have it. thanks!

Posted by: brownstoner at September 28, 2009 12:28 PM

I was hoping they would paint the foundation blue, fill it with water and hang lane buoys.

More seriously, I hope that replacing the plywood fence with chain link is part of the work required for stalled projects.

Posted by: altervoce at September 28, 2009 12:54 PM

now that is what I call shadow inventory! Streeteasy is showng only 2 avail for sale. This is fraud!

Posted by: bitter_bubble_buyer at September 28, 2009 1:57 PM

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