The Real Deal New York

Brooklyn site slated for 216-unit condo hits market

March 20, 2012 02:30PM

The vacant Fort Greene lot slated for a high-rise companion to the Oro condominium is for sale, Brownstoner reported.

The site, at 313 Gold Street, was planned to be built to 35 stories and 214 units and to be called Oro 2 by the same developers behind its predecessor, the 40-story Oro at 306 Gold Street

The developers, Ron Herscho and Dean Palin, had laid those plans in 2007, before the real estate market crashed.

According to the Massey Knakal Realty Services listing, the site is fully permitted and can be enlarged to 296 units across 40 floors by executing a purchase and sale agreement already struck with the city for 75,000 square feet from an adjoining police station.

The price is available upon request according to the listing by Stephen Palmese, a director of sales, Winfield Clifford, a senior associate, and Michale Mazzara, an associate. [Brownstoner]

  • 3CPO

    This has been on the market for quite some time….obviously not getting their price……the market is vastly different on this side of Flatbush Ave because of the “affordable” housing component outside its front door

  • 3CPO

    BTW….their is more than enough still available as original sponsor units for sale and rent at ORO 1. Not quite a resounding success