The Real Deal New York

Louis Greco to convert nonprofit’s Brooklyn headquarters

Brooklyn Community Services will own 17,000-square-foot office condo in 14-story building

January 23, 2015 08:40AM

From left: 285 Schermerhorn Street and Brooklyn Community Services' interior

From left: 285 Schermerhorn Street and Brooklyn Community Services’ interior

Nonprofit group Brooklyn Community Services and developer Louis Greco have reached an agreement to convert the organization’s seven-story property at 285 Schermerhorn Street into a residential building.

Greco plans to build a 14-story structure at the site. The building will house 100 apartments as well as a 17,000-square-foot office condominium, according to the Wall Street Journal.

Brooklyn Community Services will own the office condo, according to the newspaper. Greco’s Second Development Services will own the apartments.

The value of the building is around $20 million, according to the Journal. [WSJ] — Claire Moses 

  • Owner of a Greco development

    Wait till the dirt comes out on Louis Greco’s last two developments in Cobble Hill. Leaks all over and no money to fix them. Greco wiped the building account clean and it’s been 2 years on unrepaired leaks. Get ready for more……..

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