Nonprofit group Brooklyn Community Services and developer Louis Greco have reached an agreement to convert the organization’s seven-story property at 285 Schermerhorn Street into a residential building.
Greco plans to build a 14-story structure at the site. The building will house 100 apartments as well as a 17,000-square-foot office condominium, according to the Wall Street Journal.
The value of the building is around $20 million, according to the Journal. [WSJ] — Claire Moses