LIC construction site shows signs of distress

TRD New York /
Mar.March 05, 2012 11:00 AM

A foreclosed, abandoned and stalled waterfront construction site in Long Island City, Queens, shows little sign of progress, the Daily News reported.

Property owners Baruch Singer and Marshall Weisman have reportedly spent the past eight years cleaning the site, a former oil refinery located at 44-02 Vernon Boulevard, by removing contaminated soil and treating water.

However, the clean-up work has created a pit that is now filled with water, the Daily News said. Community Board 2 Chairman Joseph Conley told the Daily News the water — now called “Lake Vernon” — could bring a vermin infestation around the site and could seep into the basements of neighboring buildings. Conley also mentioned that the fixes to the site put the plot’s owners in financial distress.

A spokesperson for real estate developer Durst Fetner Residential told the News that the company is interested in buying the site, but there’s nothing to do until the foreclosure case gets settled. [Daily News] 


Related Articles

arrow_forward_ios
Baruch Singer files plans for a 180K sf Midwood building

Baruch Singer files plans for a 180K sf Midwood building

Baruch Singer files plans for a 180K sf Midwood building
Durst, Fetner divided $740M worth of properties in split

Durst, Fetner divided $740M worth of properties in split

Durst, Fetner divided $740M worth of properties in split
Baruch Singer steps into dispute over LES synagogue sale

Baruch Singer steps into dispute over LES synagogue sale

Baruch Singer steps into dispute over LES synagogue sale
Sitt’s Thor pays Baruch Singer $22M for Harlem rental

Sitt’s Thor pays Baruch Singer $22M for Harlem rental

Sitt’s Thor pays Baruch Singer $22M for Harlem rental
Baruch Singer loses key court battle over Hudson Yards site

Baruch Singer loses key court battle over Hudson Yards site

Baruch Singer loses key court battle over Hudson Yards site
Durst, Fetner split ways

Durst, Fetner split ways

Durst, Fetner split ways
Baruch Singer’s Bialystoker Synagogue suit withdrawn

Baruch Singer’s Bialystoker Synagogue suit withdrawn

Baruch Singer’s Bialystoker Synagogue suit withdrawn
Baruch Singer sells 84-building Upper Manhattan portfolio to Rainbow Estates

Baruch Singer sells 84-building Upper Manhattan portfolio to Rainbow Estates

Baruch Singer sells 84-building Upper Manhattan portfolio to Rainbow Estates
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...