A look at folding projects in Williamsburg
July 16, 2009 11:30AM
According to new figures from the city's Department of Buildings, Williamsburg has 18 stalled construction sites, more than any other neighborhood in the city. On this week's Webcast, The Real Deal's Jen Benepe checked out some of those sites and found others that weren't on the list. Developer Kalmon Dolgin Affiliates, whose company had begun construction and did the foundation work on a planned six-story rental at 510 Driggs Avenue, is now instead building a parking lot. "We thought it was best to fold the project ahead of what we foresaw to be economic turmoil," he told The Real Deal. David Maundrell, president of Aptsandlofts.com, said if a fully finished building is next to a vacant lot it is undoubtedly "affected negatively." To watch the full Webcast click on the video.
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Comments
Anonymous
good W'Burg needs secure off-street parking!
Comment #1 Posted By: Anonymous 07/17/09
Anonymous
For one innovative project thats doing great check out thetimesbldg just east of Williamsburgh
Comment #2 Posted By: Anonymous 07/17/09
Anonymous
Excellent and unusual #2
Comment #3 Posted By: Anonymous 07/17/09
Anonymous
Props to Dolgin for removing that eyesore and actually adding value to the neighborhood. We need a better place to park and less condos.
Comment #4 Posted By: Anonymous 08/11/09