Site for Glassy PLG Tower Hits the Market

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The site once slated for a glassy, 20-story development in PLG overlooking Prospect Park is now being marketed for sale or for joint venture. The still-empty lot had approved plans for 86 residential units as well as retail space, but met protest back in 2008. (Remember concerns about unsuspecting birds smashing into the glass walls?) Now it looks like things have fizzled out. “We completely acknowledge that the award winning plans are ambitious for today’s market conditions and may have to be amended to accommodate a more modest rental project,” said the project’s broker, who also suggested the possibility of repositioning the proposed condo development for a rental product ready by 2013 or 2014. GMAP

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