Midtown Equities Inks Deal for Prime Boerum Hill Corner

Last year Massey Knakal started marketing a ground-lease availability for the corner of Atlantic Avenue and Boerum Place, a deal that could theoretically involve a new building rising at the site. According to a lease agreement filed in city records, the site has found a taker: Midtown Equities, a firm that owns 205 Montague Street and plans to bring a stalled Williamsburg site back to life, complete with a Whole Foods. Massey’s listing was asking $1 million a year and noted that the property offers 172,500 buildable square feet. The owner of the lot is the William M Casey Foundation, owners of the adjacent 66 Boerum Place, which is better known as St. Vincent’s Services. One interesting point from Massey’s offering plan: “The Lessee is prohibited from developing, using or occupying the Premises for the purposes which are considered inimical to the doctrines or teaching of the Roman Catholic Church.” So we’re probably not going to be seeing a seminary to train women to become priests here or an abortion clinic, but a lot of other uses are possible. Click through for a sketch from Massey’s offering plan of what the massing of the building could look like. GMAP