Developers Grab $20M Brooklyn Site For Mixed-Use Project

Law360, New York (February 6, 2014, 4:50 PM EST) -- Slate Property Group, Adam America Real Estate and Naveh Shuster Ltd. have acquired a group of buildings on Brooklyn's growing Fourth Avenue for $20 million, with plans to build a 107,000-square-foot multifamily and mixed-use development, the parties announced Thursday.

The partnership purchased nine buildings currently standing on the 120-by-105.75-foot corner development site at 470 Fourth Ave.

They plan to tear them down over the next two months to make way for one 12-to-14 story mixed-use development, which will include apartments with luxury amenities as well as...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.