Wednesday, July 20, 2016

Report: New owners for the empty lot at 14th Street and Avenue C

[EVG file photo]

The long-empty lot at East 14th Street and Avenue C has new owners.

The Real Deal is reporting that Brooklyn's Rabsky Group scrapped plans for its first Manhattan project here, selling the property to Opal Holdings, a real-estate investment firm led by Shaya and Shulamit Prager, for $23 million. No word just yet what they have planned for the site.

Rabsky reportedly paid $15 million for the property in 2014. The one-level structure that was demolished here in early 2015 previously housed R&S Strauss auto parts store, which closed in April 2009.

There were approved permits for a 14-story building totaling 63,932 square feet, with 8,064 square feet for retail ... and 21,991 square feet for a community facility.

Not much has happened here since the demolition of the former Strauss store. As many commenters have pointed out in the past, this corner was about 5-6 feet under water during Sandy.

Previously on EV Grieve:
Development back in play for East 14th Street and Avenue C

More details on the sale of 644 E. 14th St.

Here comes a 15-story retail-residential complex for East 14th Street and Avenue C

Prepping the former R&S Strauss auto parts store for demolition on East 14th Street and Avenue C

City OKs 15-story mixed-use retail-residential building on 14th and C

14th and C now waiting for the Karl Fischer-designed 15-story retail-residential complex

14th and C still waiting for its Karl Fischer-designed retail-residential complex


Anonymous said...

oh, great, I'm really looking forward to the luxury housing about to be built there and all the new friends we'll be making on the 1st Ave L train platform, it's been so lonely here

DrBOP said...