Staten Island is slated to get a new 40-unit housing development at 255 Richmond Terrace when the View, a stalled project, opens to tenants this month, DNAinfo reported.
Developer Leib Puretz was previously behind the project, but left the residential building unit empty after defaulting on his loans in the thick of the mortgage crisis in 2009. As previously reported, the 95 percent-complete building hit the market in February with Massey Knakal. Madison Realty Capital bought it out, paying $8.4 million for the debt, and took over ownership late last month. [more]