The Real Deal New York

A stalled construction site at 170 North 5th Street in Williamsburg could see new life, according to Brownstoner. A New Jersey-based property investment and management company, UA2 K&Q Acquisition, has bought the development for $8.67 million, property records show, although it is not immediately clear what the company’s plans are for the partially complete building. The property, originally intended to be an 18-unit, 21,000-square-foot residential building, was being developed by RKT&B Architecture and Urban Design, before stalling September 2009. [Brownstoner]