Dushinsky’s Rabsky Group plans nearly 800 units on former Pfizer site

Developer asking for rezoning of two Wallabout St. blocks 

New York /
Mar.March 06, 2015 01:15 PM

The developer working to transform Bushwick’s Rheingold Brewery site into a mammoth rental project is now looking to build a pair of large apartment buildings on the former Pfizer site at the edge of Bedford–Stuyvesant.

Simon Dushinsky’s Rabsky Group has filed an application to rezone a pair of blocks at the Flushing Avenue G-train stop, which would pave the way for a pair of mixed-use buildings, according to papers the developer filed with the Department of City Planning.

The full-block properties at 249 And 334 Wallabout Street, now zoned for manufacturing, would hold two buildings with a total of 622 market-rate units, 155 affordable units and nearly 32,000 square feet of retail. Dushinsky paid $12.8 million in 2012 to buy the properties from Pfizer, the pharmaceutical giant.

The developer, one of the industry’s most mysterious and under-the-radar figures, could not be immediately reached for comment. Rabsky has built some apartment buildings further down Wallabout, but unlike the ODA Architecture-designed buildings at the Rheingold site, these are done in a more modest style.

Like seemingly every part of Brooklyn, this nook of the borough at the edge of Bedford-Stuyvesant and South Williamsburg is seeing its fair share of investment.

Sitting right next to the famed Marcy Houses that hip-hop titan Jay Z grew up in, Dushinsky’s sites are part of a portfolio Pfizer started selling off after it shuttered its Brooklyn headquarters in 2008.

Acumen Capital Partners picked up a 575,000 square-foot building in 2011 and has transformed it into 630 Flushing, an office property catering to small businesses seeking short-term leases and the flexibility to renovate their spaces.

Dushinsky is one of the more active developers in the outer-boroughs, working on the aforementioned Rheingold Brewery site as well as projects in Park Slope, Williamsburg and Long Island City.


Related Articles

arrow_forward_ios
Mack Real Estate Group's Richard Mack and JPMorgan's Jamie Dimon with a rendering of 123 Melrose Street (Credit: Getty Images and ODA Architecture)
Yoel Goldman sews up long-term funds for Rheingold Brewery Project
Yoel Goldman sews up long-term funds for Rheingold Brewery Project
Rabsky Group buying Gowanus parcel from Yoel Goldman for $95M: sources
Rabsky Group buying Gowanus parcel from Yoel Goldman for $95M: sources
Rabsky Group buying Gowanus parcel from Yoel Goldman for $95M: sources
HAP Investment Developers CEO Eran Polack with 2211 Third Avenue (HAP, StreetEasy)
NYC tries to fix supermarket program’s fundamental flaw
NYC tries to fix supermarket program’s fundamental flaw
Madison Realty Capital's Josh Zegen and 625 Fulton Street in Brooklyn (MRC, Google Maps)
Rabsky lands $450M loan for DoBro towers
Rabsky lands $450M loan for DoBro towers
611 St. Johns Place, Brooklyn, NY (Getty)
Workforce Housing Group solar deal will also pay for broadband
Workforce Housing Group solar deal will also pay for broadband
84 Putnam Ave and 308 N 7th Street in Brooklyn (Google Maps; 308n7)
Brooklyn luxury home sales remain 80% below last year
Brooklyn luxury home sales remain 80% below last year
Denizen Bushwick at 54 Noll Street (Credit: Google Maps)
Israeli candy maker sues All Year over Rheingold development bonds
Israeli candy maker sues All Year over Rheingold development bonds
A rendering of Broadway Triangle (Credit: NYC Housing Preservation & Development, iStock)
Suit against Rabsky’s Broadway Triangle project dismissed again
Suit against Rabsky’s Broadway Triangle project dismissed again
arrow_forward_ios

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

Loading...