Three Morning Stories. ...

  • Posted at 11:33, December 18, 2013
  • By Quidnunc Staff

  • Crain’s posted a story late yesterday on the struggle over future of the Long Island College Hospital on Hicks St. in Cobble Hill, Brooklyn.  The State University of New York has been losing money on the school for years, and asked for redevelopment RFPs.  The trustees yesterday decided to put on hold plans to sell the property to Brooklyn-based developer the Fortis Property Group for repurposing as a medical mall.  Crain’s New York Business has the extensive background on the community’s fight to keep the hospital in the face of reportedly big losses, HERE.  
  • The Real Deal reported yesterday that the development company Rockrose will move to 15 East 26th St. a commercial condominium, the firm bought from real estate investment firm Savanna for $105 million.  TRD attributed the story to Rockrose president Justin Elghanayan, who will move his firm from 666 Fifth Avenue to the 20-story building between Madison and Fifth Aves., sometime next year, Elghanayan said.  You can read the story HERE
  • Channel 11, WPIX, the Daily News, and the Brooklyn Paper have stories about Williamsburg developers who are threatening to evict a senior center and a children’s day care center that the city has paid for since 1974, respectively, HERE and HERE and HERE.  The centers’ leases had run out by the time the building was acquired earlier this year.  The locals fear more residential condos. The senior center’s municipal funding had been eliminated, according to reports, but local politicians had bailed it out last year and it is still operating. But only with a stiff rent increase: Now, the new father-and-son development team, Victor and Harry Einhorn, reportedly met with the community group that runs the senior center at 211 Ainslie St. at Manhattan Ave., and demanded a 20% rent increase to $40,000 monthly, for a one-year lease. The pair already were having public problems with another Williamsburg transaction reported in the Real Deal in September for failing to pay a $1 million commission.  The bottom line is that the senior center is having a community meeting/rally tomorrow evening, and the Einhorns won't do well if the subject happens to arise.
comments powered by Disqus