A new developer has taken over a beleaguered condominium project in Park Slope, with plans to add a four-story addition to the squat Depression-era building just outside the tony neighborhood’s landmark district.
Brian Lockner, head of acquisitions for American Development Group, the developer behind Little Italy’s 123 Baxter and its robotic parking garage, said his firm inked the deal early last month to take over construction of the 18-unit Park Slope project at 910 Union Street from Yachad Enterprises. Lockner said his company is having “very productive conversations with a few banks” and expects to secure financing by mid-summer.
The three-story brick building, most recently a church and schoolhouse, is one of roughly two dozen properties in Park Slope across from Prospect Park that are not protected by city landmark laws. Owners seeking to alter the exterior of a building within a landmark district must get approval from the city Landmarks Preservation Commission, which can add years to a project as transformative as the one Lockner’s firm is planning. [more]


