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Vacant lot on Sterling between Washington and Classon

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      dougallcurrie

      rookie newb
      Joined: Jun '08
      Posts: 38

      Does anybody know what's going on with the giant vacant lot across from 491 Sterling, between Washington and Classon? Lately, a bulldozer has been spotted there, and yesterday I saw a lone guy digging a trench with a shovel. I would presume at some point this will be massive new apartment building?

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      bohuma

      above average
      Joined: Aug '08
      Posts: 466

      City records show that the tax lien was recently sold to the Bank of NY Mellon, and that the mortgage holder, Seaway Capital Corp has taken title to the land. My husband and I observed two men inspecting the property. The chain link fence sprouted a gate recently and the digger appeared.

      In June and July filing were made related to the previously approved plans to build a residential builing on the site. My guess is that the owner going to build the previously approved residential building, expect it to progress at a snail's pace.

    3. whynot_31
      whynot_31

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      Joined: Mar '06
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      They might be doing soil testing.

      It is amazing to live in one of the few parts of the country that is having new investment and development.

      For better or worse, the change on Nostrand is going to make the change on Franklin look minor.
    4. whynot_31
      whynot_31

      Former Lurker
      Joined: Mar '06
      Posts: 16,075

      A few Brooklynian commenters noticed activity at the large empty lot at 504 Sterling Place between Classon and Washington avenues. It looks like a residential project is in the offing: the owners just filed with the DOB to change the previous new building plans, which call for a five-story, 38-unit residential building. Permits for this site go back to 2004, and we spotted some work at one point in 2007. According to public records, the deed for the land last transferred this May to an entity called Seaway Capital Corp.

      http://www.brownstoner.com/blog/2012/07/development-in-works-for-empty-lot-on-sterling-place/#disqus_thread

      If they build 5 stories, yet construct only 38 units on that spot, my sense is the units will be large.

      For better or worse, the change on Nostrand is going to make the change on Franklin look minor.
    5. whynot_31
      whynot_31

      Former Lurker
      Joined: Mar '06
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      photo from http://bktothefullest.blogspot.com, and believed to be taken in approx July 2012.

      Over the last two weeks, this lot has had some more activity.

      -A new construction fence.
      -Work permits
      -an Excavator.

      In July, it looks like it changed hands. This site reports that one of prior owners received a prison sentence: http://bktothefullest.blogspot.com/2012/07/breaking-ground-in-prospect-heights.html

      Related: http://www.propertyshark.com/mason/Property/149831/504-Sterling-Pl-Brooklyn-NY-11238/

      For better or worse, the change on Nostrand is going to make the change on Franklin look minor.
    6. whynot_31
      whynot_31

      Former Lurker
      Joined: Mar '06
      Posts: 16,075

      Related thread: http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/stalled-construction-at-500-sterling-to-resume-site-sold-for-68m?replies=6#post-764055

      Fun with circular thoughts!

      For better or worse, the change on Nostrand is going to make the change on Franklin look minor.
    7. whynot_31
      whynot_31

      Former Lurker
      Joined: Mar '06
      Posts: 16,075

    8. notsayin
      notsayin

      getting it
      Joined: May '10
      Posts: 116

      On Wednesday it looked like the basement has been pretty well excavated.

      That, or they've decided to build a huge swimming pool instead.

      Interesting, I think that big concrete retaining wall was poured years ago during the first go at developing the site; that hole was filled in when the initial building plans fell through?

      Hopefully this time it will stick...

    9. whynot_31
      whynot_31

      Former Lurker
      Joined: Mar '06
      Posts: 16,075

      When I looked through the construction fence today, I saw that big concrete things seemed to have been since constructed in the mud puddles in the above photo.

      There is also a excavator and a construction trailer on site.

      For better or worse, the change on Nostrand is going to make the change on Franklin look minor.

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