The development takes the place of a one-level strip of storefronts (Dunkin'/Baskin-Robbins, Subway, China Town restaurant, etc.), which workers demolished in late 2021 adjacent to the 13-floor residential building formerly known as Red Square.
In October 2022, as The Real Deal first reported, landlord Samy Mahfar and investors picked up the property from members of the Hirsch family for $36.8 million. Per TRD's report, "the Hirsch family obtained demolition permits and did enough foundation work to qualify the site for the 421a property tax abatement before it expired in June [2022]."
The site was originally going to yield a 6-story building.
P.S.
Why Dunkin' when Parkside’s just an extra half block?
ReplyDeleteMore dead birds coming our way
ReplyDeleteOnce upon a time the Red Square Building seemed like an augury of gentrification. Took a while to fully manifest.
ReplyDeleteDo not pick Samy Mahfar as a landlord. Track record is terrible.
ReplyDeletehorn not to be confused with ham fish lifeguards whistling at poolside runners/ people with bags.
ReplyDeleteJust another example of how our local representatives are fighting hard for its constituents and affordable housing.
ReplyDelete