Gregg Singer pleads with city to allow EV development

Developer's plan to covert a former public school into dorms has been stalled since 2015

New York /
Jan.January 11, 2017 01:40 PM

Developer Gregg Singer is pushing Mayor Bill de Blasio’s administration to lift a stop work order, allowing the conversion of a former East Village elementary school into dorms to move forward.

Singer’s planned conversion at 605 East 9th Street have been stalled since 2015, Crain’s reported. However, Adelphi University hopes to move students into the building by the fall of 2018.

Construction in the site is on hold because of stop work order from the Department of Buildings. The DOB accused the developer of not conforming with the agency’s “dormitory rule.”

Singer bought the 152,000 square-foot former public school from the city in 1998, but a deed restriction on the property prevented him from converting it into residential housing. He eventually reached a deal with the city to convert the building into a dorm.

The developer’s attorney said a new lease was submitted to the department months ago, but the project remains stalled. “We are anxious to get started. We have every reason to believe we will get started shortly,” Kenneth Fisher told the publication. Local officials say the lease does not meet the “community use” requirement, because Adelphi is only taking part of the building.

Adelphi will pay $373,500 annually as a base annual rent to Singer. The developer puts the total value of the project at $130 million.

Last year, investors in the redevelopment sued to try and force the building’s sale. They claimed conflicts of interest had led Singer to “waste and dissipate” the partnership’s assets.  [Crain’s] – Miriam Hall 


Related Articles

arrow_forward_ios
DHS Commissioner Steven Banks. (Getty, Google Maps)
City to open Soho homeless shelter
City to open Soho homeless shelter
For New York landlords, PACE just isn’t moving fast enough
For New York landlords, PACE just isn’t moving fast enough
For New York landlords, PACE just isn’t moving fast enough
Mayor Bill de Blasio and City Hall (Getty, Paul Hermans/Wikimedia)
NYC to city workers: Come back to the office
NYC to city workers: Come back to the office
227 Duffield Street in Brooklyn (Google Maps)
Sale of Underground Railroad site to city caps off “financial disaster”
Sale of Underground Railroad site to city caps off “financial disaster”
NYCHA Chairman Gregory Russ and NYCHA federal monitor Bart Schwartz. (NYCHA Monitor)
NYCHA overhauling management system
NYCHA overhauling management system
Continuum Company founder Ian Bruce Eichner and the former Spice Factory at 960 Franklin Street (Getty, Google Maps)
Eichner’s Crown Heights rezoning delayed once again
Eichner’s Crown Heights rezoning delayed once again
Mayor Bill de Blasio (Getty, iStock)
NYC to revive $17B in public construction projects
NYC to revive $17B in public construction projects
A photo illustration of the 960 Franklin Avenue rendering with Continuum Company's Bruce Eichner (iStock, 960 Franklin/Illustration by Kevin Rebong for The Real Deal)
Apartment project near Brooklyn Botanic Garden is shortened
Apartment project near Brooklyn Botanic Garden is shortened
arrow_forward_ios

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

Loading...