Stalled Burg Site Sells, Restart Coming?

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The troubled project at 50 North 1st Street recently sold for $10.5 million, which seems to back up rumors Curbed heard a couple weeks ago that the condo project was purchased by a new developer who’s going to finish it. The development has been on ice since there was a construction accident at the site in mid-2009. The original plans called for 41 units; it’s unclear from public records who the new owner is. It appears that the DOB still has a stop work order in effect.
New Life in Williamsburg Casualty 50 North 1st Street? [Curbed]
Frozen at 50 North 1st Street [Brownstoner]
Partial Building Collapse, Evacuation at North 1st Street [Brownstoner] GMAP

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