Oro-2-Brooklyn-022808.jpg
Is the second Oro tower in trouble? As evidenced by these two photos, nothing has happened at the site since the late summer, which is around the time the developer began murmuring about a switch from condos to some kind of mix of rentals and hotel. (The latest, unapproved filings call for a 38-story hotel with 74 condo units.) One sign suggesting an intent to move forward: Back in January we reported that a sales office for the second Oro was under construction across the street. Meanwhile at the original Oro, StreetEasy shows 158 units spoken for. The DOB filing shows a total of more than 300 units for the building, so it appears they still have a ways to go on that one. At least the Toy Factory won’t have any more views blocked if this does not move ahead.
Development Watch: Son of Oro, All 40 Stories Of It [Brownstoner] GMAP DOB


What's Your Take? Leave a Comment

Leave a Reply

  1. Why don’t YOU, 1:53, take on the burden of proof and refute Jonathan’s suspician? He’s had a positive bias up until 2007 (maybe even 2008). Did you complain then? The bias’ cancel out. It’s time to get prudent.

  2. Not a buyer in Oro, but you can’t go to streeteasy for much information on how many of anything are sold or in contract. All they do is pull from public information (typically straight of the sales agent site), which never is close to accurately depicting what is actually sold. I have no idea what % of Oro is sold, but I can guarantee that streeteasy is incorrect

  3. i don’t understand your increasingly negative bias, brownstoner. if you’re going to run crap like this day after day, how about doing a little fact collection to back up your constant speculation.

1 2