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New York

Greystone drops residential plans for Brooklyn Lyceum

The building will be used as a "single-use commercial space"

Brooklyn Lyceum at 227 Fourth Avenue in Park Slope
Brooklyn Lyceum at 227 Fourth Avenue in Park Slope

Greystone isn’t converting the landmarked Brooklyn Lyceum into luxury condos after all. Instead, it will use the Park Slope building as a “single-use commercial space.”

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Greystone bought the former public bathhouse on Fourth Avenue and President Street at a foreclosure auction in October 2014. Soon after, it announced plans to convert the building into two or three high-end residences.

But a spokesperson for Greystone told DNAinfo that is no longer going residential. However, it does plan to build a 12-story rental building next door to the Lyceum. [DNAinfo] – Christopher Cameron