PACC recent unknown real estate acquisition

PACC has become a major luxury condo developer in Clinton Hill. Over the years their budget, which comes from NY State (our tax dollars) has REALLY expanded; who knows how big it is but big enough to be building a sixteen unit apartment building on Washington Ave between Gates and Fulton. That banal structure which supplants an old mansion, PACC tore down, a subject much discussed on this site a few months back. What’s new is PACC is now tearing down a beautiful century old factory building at 21 Quincy Street, three doors away from the endangered Broken Angel residence.

PACC paid 4 million dollars for the factory and is now spending another 1-2 million to destroy it and replace it with another bigger banal apartment building of 40 units. PACC is supposedly in the “not for profit” business of “keeping the community together,” but it seems PACC uses poor people the same way that Bruce Ratner does as a human sheild to hide its mercenary real estate expansion in a super hot realestate maket.. Watch out for PACC!

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