Developers prepare to build in Fort Greene

Despite the economic credit crunch, two developers are laying the groundwork for the construction of hundreds of apartments in Fort Greene. GFI Capital plans to build 375 units on the block bounded by Fulton Street and Atlantic, Clermont and Vanderbilt avenues. Andrew Zobler, GFI’s CEO, said he expects renters to be interested in his units but doesn’t know where he’ll find financing. Developer Martin Dunn wants to build townhouses in Navy Green, a 455-unit development south of the Brooklyn Navy Yard. Dunn said he doesn’t expect there to be a demand for his units for several years. The Real Deal’s June issue looked at developers using the downturn to prepare for future projects.