It's Forte. The article mentioned buildings that "banks that have foreclosed on the properties" that can only be Forte. I feel really bad for the people that paid $900 psf to live there.

Posted by: bklynbricks at August 25, 2009 9:06 AM in response to Mystery Downtown Development Going Affordable

Hybrid??? How about failed condo?

Posted by: bklynbricks at August 20, 2009 11:44 AM in response to Clermont Greene Adopts Hybrid Model

Hybrid??? How about failed condo?

Posted by: bklynbricks at August 20, 2009 11:44 AM in response to Clermont Greene Adopts Hybrid Model

I hope ends nicer than it's starting off

Posted by: bklynbricks at August 18, 2009 3:30 PM in response to Development Watch: Third & Bond Shows Itself

I believe Apts and Lofts and TDG is responsible for most of this mess. Those two firms guided unknowing developers down the roads of horrible design, layout and overall product. Thinking only of the potential commissions and not on the negative effect of the neighborhoods and communities that support them.

Posted by: bklynbricks at July 13, 2009 2:57 PM in response to The Epitaph of Epitaphs for Williamsburg's Boom

Hmmm.... overpay for a development site in a Not So Prime part of Cobble Hill then try to sell it as overpriced lots when you miss the market. Seems like a good strategy to me. Can't wait to see what they ask for the building. I can't wait to see what the building goes for.

Posted by: bklynbricks at March 9, 2009 10:18 AM in response to 110 Amity Back Up for Sale

Has Baruch Singer ever actually had a sucessful development? Granted he is a very successful slumlord, but his development record isn't exactly shinning. There is that one in Greenpoint, oh no wait, that was torched.

Posted by: bklynbricks at February 9, 2009 3:05 PM in response to Development Watch: 37 Bridge Street

I wouldnt buy anything from The Bracha Group, the Elliman team selling the BellTel. They always come into projects that are failing but never seem to produce. As a buyer, if they're selling it's a sure sign the development is a disaster.

Posted by: bklynbricks at November 20, 2008 6:49 PM in response to Belltel Lofts: 50% Percent Sold

I doubt Bill Ross will ever get this project completed. The project across the street started at the same time and that one is fully occupied. Seems the equity partner is having a few problems, see below. It will probably get forclosed on or sold to some other developer that can actually finish the project.

http://www.thedeal.com/dealscape/2008/08/sec_charges_wextrust_capital_w.php

http://www.uslaw.com/library/International_Law/Wextrust_Ponzi_Expands.php?item=225077

Posted by: bklynbricks at November 11, 2008 3:14 PM in response to Development Watch: Bill Ross Does 47 Dean Street