Residential Tower Going Into 4th Avenue Space?


    DNAinfo has a few more details on the story we broke yesterday about the huge development slated for the corner of 4th Avenue and 11th Street. Unsurprisingly, it will be a residential high rise, according to one of the homeowners whose house is one of five, above, slated to be demolished to make way for the build. But JBS Project Management, which is managing the project, had no comment. Interestingly, it seems the developer picked up the large corner lot first, then approached each homeowner to sell. DNAinfo profiles one holdout, 90-year-old Lillian Striano, who initially didn’t want to leave her home of 43 years, until her son convinced her she wouldn’t want to live next door to all the construction noise and dirt. As we reported yesterday, most of the homeowners got just under a million for each of their properties, except for 239 11th Street, which cost the developers $2,500,000. Striano, whose sale has not yet hit public records, said she can’t afford to buy another property in the area and is moving to Staten Island.
    90-Year-Old Widow Last to Move out at 4th Avenue Development Site [DNAinfo]

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