A five-building complex on the site of the Domino Sugar Factory in Williamsburg is beginning to rise, but for the Katan Group, the site’s former co-owner that repeatedly tried to halt the sale, the dominoes have fallen. [more]
Posts Tagged ‘Isaac Katan’
While developers are swiftly breaking ground on new projects all over Brooklyn and taking advantage of high property values, the quality of their buildings might be suffering.
As more residents move into the newly built construction, some worry that mistakes from the last housing boom — shoddy construction, bringing substandard product to the market — are being repeated, according to the New York Times. [more]
A Park Slope development site approved for 106 residential units and on-site parking has been sold for $10.7 million, Brownstoner reported. The buyer is the Naftali Group, The Real Deal has learned (note: correction appended).
The lot is 10,801 square feet at the corner of Fourth Avenue and 6th Street and is approved for a building of approximately 10 times that square footage with 43 parking spots. It is slated for 78,883 square feet of residential space, 3,592 commercial square feet, a 639-square-foot community facility and comes with a 15-year tax abatement, according to the listing by James Dario of Kalmon Dolgin Affiliates, which asked $14 million. [more]
A stalled Brooklyn development site at 683 Fourth Avenue in South Slope is coming back to life two years after a 16-unit condominium project by local developer Isaac Katan stalled due to lack of financing, according to the site’s new owner, Greenwood on Fourth LLC.
Greenwood, led by New York-based developers Nick Malafis and Ioannis Glyptis, who also recently completed a 26-unit rental at 433 Third Avenue in Gowanus, is planning to revive the plans by Katan for the building, between 21st and 22nd streets, but has scrapped the condo model in favor of rentals. [more]