A developer has plunked down $18 million for a waterfront development site in Williamsburg next door to JMH Development’s new luxury development, according to city records.
No new plan examinations for the address have been filed with the Department of Buildings as of yet for the address. Alliance declined to comment.
The lot is positioned on the corner of North Third Street, between River Street and Wythe Avenue and next door to the 350 high-end loft residences at 184 Kent Avenue.
The seller is apparently a limited liability corporation named Cornell Kent Holdings, a subsidiary of Cornell Realty Management, which was represented in the sale by Brooklyn-based real estate law firm Treff & Lowy, according to the business addresses listed for the LLC in the NY Companies Index. Cornell also recently sold a Brooklyn multi-family development for $38 million. A representative of Cornell could not be immediately reached for comment.
The lot, which formerly consisted of a 2-story warehouse, was last sold for $9.2 million in March of 2013, according to Property Shark.
Correction: An earlier published version of this article misstated the buyer as a medical group. Alliance is the buyer.