The Real Deal New York

Valyrian Capital, Daten Group to build 26 units at Prospect Heights site

Partners recently filed permits to demolish the Green Point Savings Bank at the site

October 13, 2015 08:42AM
By Ariel Stulberg

Green Point Savings Bank

Green Point Savings Bank at 856 Washington Street in Prospect Heights

UPDATED: 3:22 p.m., Oct. 13: Valyrian Capital, along with partners the Daten Group, will tear down the former Green Point Savings Bank in Prospect Heights, with plans to build a 14-story condominium in its place.

The new building will include 26 condos and a total of 50,000 square feet of residential space, according to Gregory Williamson of Douglas Elliman, who will handle marketing at the property.

Demolition permits were recently filed for the stone structure that currently occupies the site, which was built in 1928 and most recently served as a Capital One Bank branch.

Slate Property Group bought the 856 Washington Street site in January, paying $6.5 million.

But Valyrian and the Daten Group have since taken over the project, said Williamson, who is also marketing units at the Daten Group’s condo conversion at 72 Poplar Street in Brooklyn Heights

Records of the deal have not yet appeared in public databases.

Correction: A previous version of the story, using information from another news outlet, identified the Slate Property Group as the site’s developer. Slate had previously filed plans for a 28-unit condo at the site, but is no longer involved in the project.