GFI Revives Plan For Brooklyn Mixed-Use Redevelopment

Law360, New York (January 17, 2014, 3:45 PM EST) -- The GFI Development Co. is digging out old plans to redevelop a property it owns in Brooklyn, N.Y., by adding retail space and a mixed-use development with hundreds of residential units, according to Brooklyn Community Board Two, which renewed GFI's 2009 plans Wednesday.

Under the unchanged proposal, GFI wants to build out the two-building complex at 470 Vanderbilt Ave. and add 616,555 square feet of commercial space and 376 residences, with 397 underground parking slots. According to the company, 85 of the apartments will be designated as...
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