Blesso Properties puts Williamsburg dev site on the market

Firm bought 1.1 acres of land in 2015 for $33M

New York /
Oct.October 31, 2017 04:55 PM

Blesso Properties’ 1.1-acre development site in Williamsburg is up for grabs.

The three lots, bordered by Broadway, Boerum Street and Lorimer Street, offer a combined 308,000 buildable square feet, according to Real Estate Alert. A former Lincoln Savings Bank building is currently on one of the lots and could either be torn down or used as part of a new project.

Real Estate Alert estimates that the site could sell for up to $77 million.

Cushman & Wakefield is marketing the land for Blesso, which bought the site for $32.9 million in 2015.

The company had filed plans to construct a 280,000-square-foot project with 226 residential units, a 2,100-square-foot community facility and 126,000 square feet of office space. [REA] – Eddie Small


Related Articles

arrow_forward_ios
From left: Adam Weiner and John Fish (Getty, LinkedIn, Curry)
Developer destroyed potential evidence in battle over $800M project
Developer destroyed potential evidence in battle over $800M project
Fromk left: Mauricio Umansky, Christian Ulbrich, and Scott Rechler
They said what now? Real estate quotes of the week
They said what now? Real estate quotes of the week
RXR's Scott Rechler, Tamir Shemesh, Richard Meruelo, and Maria Meruelo (Getty, Serhant, Coldwell Banker)
Breakups, layoffs and walkaways: No love in real estate last week
Breakups, layoffs and walkaways: No love in real estate last week
Starwood's Barry Sternlicht with rendering of Field & Stream Lodge
Sternlicht’s Starwood plans outdoor-focused hotel chain
Sternlicht’s Starwood plans outdoor-focused hotel chain
Multifamily player Tides Equities faces $6.5B dilemma in the Sun Belt
Multifamily player Tides Equities faces $6.5B dilemma in the Sun Belt
Multifamily player Tides Equities faces $6.5B dilemma in the Sun Belt
Governor Kathy Hochul, casino chips, film camera
How Hochul’s film tax credit, casino plan affect real estate
How Hochul’s film tax credit, casino plan affect real estate
Gov. Kathy Hochul
Hochul pitches conversion tax break. Will developers bite?
Hochul pitches conversion tax break. Will developers bite?
Breaking, 421a, Kathy Hochul, housing
Hochul: Extend the 421a deadline for construction
Hochul: Extend the 421a deadline for construction
arrow_forward_ios

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

Loading...