We were amazed to see Sunday the long-stalled site at 364 Bedford Avenue has been completed (or close to it) and is now for sale. A half-finished construction site for years, one of its former owners was murdered developer Menachem Stark. He and his business partners were sued after defaulting on loans for 364 Bedford Avenue and other properties. A man, possibly a vagrant, was found stabbed to death in the unfinished construction site in 2012.
The property, known as the Bedford Lofts LLC and designed by Karl Fischer, was sold to an LLC in August of 2013 for $11,707,160. Stark was murdered in January 2014. Now it looks ready, at least on the outside, and signs outside from 5CRE and Pinnacle Realty say the building is for sale. We found one listing for a rental apartment in the building dating from June but the building doesn’t appear to be open yet.
Update: Rental Listings first appeared for the building in late 2013, under the address 120 South 4th Street, according to StreetEasy. It received its permanent certificate of occupancy in July.
Work has started up again at the long-stalled site at 252 Atlantic Avenue, future home of the Atlantic Galleria, where Pier 1 Imports, Retro Fitness and others planned to set up shop. Crafts and framing shop Michael’s will replace Pier 1 as the anchor commercial tenant, according to new information on the sales site.
Other tenants will be TD Bank and Blink Fitness, according the site, leaving just one small spot of 663 square feet available.
We had noticed work had progressed on the foundation when we passed by a few weeks ago, although no workers were actually present at the time, on a weekday. Then a reader who lives nearby emailed us to say he noticed the site was buzzing with activity Friday.
The site has not been recently sold, according to public records, but the delay may have had something to do with financing. Last month, developer and owner Renaissance Realty Group took out a mortgage from Peoples United Bank for $15,100,000, according to public records.
Our tipster said he thought the foundation work was recent. “They are making a lot of progress quickly,” he said. He wasn’t as thrilled about the change of retailers, however. “Personally, I was more excited about Pier 1,” he told us.
Click through to see a shot from the street and the old rendering still posted on the construction fence.
252 Atlantic Avenue Coverage [Brownstoner]
A stalled construction site in Crown Heights that Hello Living! developer Eli Karp was once involved with is on the market for $1,750,000. The property — located at 949 Pacific Street close to the Prospect Heights border and Atlantic Avenue — is mid-construction.
Plans call for a five-story building with four condos, including a two-bedroom duplex penthouse and three one-bedroom floor-through apartments, totaling 4,120 square feet. The architect of the modern-style building is Brooklyn-based Ka.Va Design, which did the interior of Fort Greene restaurant Lulu & Po and whose work we have featured here before.
After four years of DOB actions, the illegal five-story addition perched on top of the long-stalled warehouse conversion at 53 Bridge Street in Dumbo finally appears to be coming down. When we passed by recently, the building looked three stories shorter than before.
A tipster tells us work has started up again at the long-dormant warehouse conversion at 53 Bridge Street in Dumbo. The latest alteration permits indicate the developer has scrapped residential plans.
The developer of the long-troubled project was ordered to take down an unsightly and unstable six-story addition back in 2010, designed by disgraced architect Scarano. The architect of record is now NSC Architecture. As far as we know, developer Joshua Guttman is still the owner of the warehouse, which is located at Bridge and Front streets.
A partial stop work order exists on the property.
It looks like construction is under way at a formerly stalled site on Dean Street between Vanderbilt and Underhill Avenues in Prospect Heights. We spotted some new building permits and a schematic on the fence at 751 Dean Street, where permits from last year tell the story of a four-story apartment building planned for the former vacant lot.
The building going up right now will house four apartments, one per floor, totaling 3,960 square feet. The schematic (pictured after the jump) shows two connected buildings with fiberglass and stucco facades, but no permits have been filed for the second building. DOB slapped the project with five violations in December and January, as well as a stop-work order, which explains the construction slow-down. GMAP
Could work finally be starting again at 339 Greene Avenue, the 12-story high-rise that has been under construction in Bed Stuy for more than five years? When we stopped by recently, we noticed workers on the site. And earlier this month, the DOB approved three new alteration type 2 permits. The 57-unit project has been stop and go since 2010 when it ran into some financial difficulties. Construction will hopefully wrap up under a new developer, Bonjour Capital. Bonjour acquired the development in May for $16,000,000, according to public records.
Finally, a Restart at 339 Greene Avenue! [Brownstoner] GMAP
Vultures Circling 339 Greene Avenue? [Brownstoner]
Development Watch: Windows In at 339 Greene Avenue [Brownstoner]
Development Watch: 339 Greene Avenue [Brownstoner]
Development Watch: 339 Greene Avenue Revisited [Brownstoner]
Development Watch: 339 Greene Avenue [Brownstoner]
It looks like a long-stalled residential development at 538 Washington Avenue between Atlantic and Fulton is finally putting up some steel. The architect of record is none other than villified Brooklyn architect Robert Scarano, who filed the original plans and new building permits in 2008. While the building permits don’t tell us much, we do know the building will be five stories with eight units. The DOB issued a new building permit in June, which explains why we’re seeing some progress. The most recent sale of the property was last year, when an LLC sold to another LLC, evidently developer Sam Boymelgreen, for $860,000, according to PropertyShark. GMAP
The Karl Fischer-designed building at 659 Bergen Street in Prospect Heights finally received its certificate of occupancy May 17. Some buyers have been in contract since 2010 and expected to move in long ago. Thirty-day notices were sent out June 4 telling buyers to prepare their mortgages and get ready to move. But then the next day another letter went out telling them to disregard the first one and that the owner is working to resolve some title issues, a source told us. As it turns out, a lis pendens was filed against the building in February, which means the buyers cannot close.
“They cannot close until the foreclosure is resolved,” said an attorney for one of the buyers, who requested anonymity. “Either they make a settlement with the bank to close or someone else buys the debt. It’s an objection to title.” The impact on the buyers has been “devastating,” he continued. “There’s a lot of money and emotion tied up in this.” His client could cancel the contract and get back the deposit, but doesn’t want to. So much time has elapsed that it would be impossible for buyers to find a comparable space in the same area for the same price, he said.
But the end may be in sight. “Our client believes everything will be resolved shortly,” said Jeffrey Zwick of Jeffrey Zwick & Associates, the attorney for owner Boaz Gilad. He declined to comment further.
Buyers in Limbo at Prospect Heights Building [Brownstoner]
There is an end in sight for the long-stalled Bed Stuy build at 339 Greene Avenue. The building has been sold to Bonjour Capital for $16,000,000, reported The Real Deal. The firm plans to finish construction on the 57-unit, 12-story rental building. The project was delayed for years by a foreclosure and bankruptcy filing.
Bonjour Capital Takes Over Bed-Stuy Rental Building Stalled for Last Six Years [TRD]
Vultures Circling 339 Greene Avenue? [Brownstoner] GMAP