The former Cascade Linen factory will indeed meet the wrecking ball. After trading last year for $27,000,000, now a Hasidic developer plans seven new six-story buildings for the site on Myrtle and Stockton streets in northern Bed Stuy. New York YIMBY first spotted the slew of new building applications, which call for 228 apartments scattered across 293,000 square feet of residential space, as well as 40,000 square feet of ground floor commercial space.
Permits were filed for 869 Myrtle Avenue, 134 Stockton Street, 98 Stockton, 108 Stockton, 86 Stockton, 833 Myrtle and 857 Myrtle. None of the plans include parking, YIMBY pointed out. The architect of record is Diego Aguilera.
Permits list the owner as Mike Kohn of Alliance Private Capital Group, but YIMBY noted that Alliance is in contract to sell the huge site to Satmar developers for $60,000,000.
So far, we have not spotted any applications for demo permits.