Go Back   SkyscraperPage Forum > Global Projects & Construction > Proposals


Thread Tools Display Modes
Old Posted Aug 27, 2014, 5:16 PM
chris08876's Avatar
chris08876 chris08876 is online now
Registered User
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 23,733
Smile NEW YORK | 280 Franklin St (49-93 Dupont) | FT | FLOORS

Huge, Contaminated Greenpoint Factory Finally Sells to Developers, 400 Apartments Planned

The former Harte & Co. plastics factory at 280 Franklin Street in Greenpoint finally sold last week for $23,250,000, after two years in contract. The deal includes 10 separate properties along Clay and Dupont Streets that were part of the long-vacant factory complex, according to public records. The buyer is Williamsburg-based Dupont Street Developers LLC, but the signatory on the mortgage documents is a developer named Bo Jin Zhu, as The Real Deal noted last week. His company owns 29 Ryerson Street in Clinton Hill and has purchased development sites in Harlem and the Lower East Side.

Preservationists have spent years trying to save the 31,000-square-foot main factory building, a 1930s Arte Moderne structure with a unique curved facade. But the seller, Nuhart & Co., allowed underground storage tanks full of toxic chemicals to leak into the soil and groundwater, and the state declared it a Superfund site. The company made vinyl siding and sheeting at the factory for over 20 years before moving its operations out of the building in 2004. It will cost just under $10,000,000 to remediate the large property, the Brooklyn Eagle reported.

After cleaning up the site, Zhu’s development team plans to build a 400-unit apartment building with 200 parking spaces, according to the Eagle. They hope to build affordable and market-rate apartments, community facilities, and possibly a grocery store on the site. With affordable housing bonuses, the property has 400,000 square feet of development rights. The buyer hasn’t said whether the original building will be incorporated into the new development, which will be built in three phases.

The site is close to the water and the planned towers at Greenpoint Landing and 77 Commercial Street.
Demolition Permits Filed for Harte and Co. Factory Complex in Greenpoint

The wrecking ball may be coming soon for several buildings in the Harte and Company Factory complex in Greenpoint, where the developer filed demolition permits earlier this month. Applications have been filed to knock down 71 Dupont Street, 93 Dupont Street, 22 Clay Street, 26 Clay Street (pictured above), 30 Clay Street and 32 Clay Street. However, no permits have been filed for the main factory building at 280 Franklin Street, a big Arte Moderne structure from the 1930s. The developer, Dupont Street Developers LLC, hasn’t said whether the building and its unique curved glass facade will be part of the site’s planned residential project.
1) http://www.brownstoner.com/blog/2014...ments-planned/
2) http://www.brownstoner.com/blog/2014...in-greenpoint/
Reply With Quote

Go Back   SkyscraperPage Forum > Global Projects & Construction > Proposals
Forum Jump

Thread Tools
Display Modes

Forum Jump

All times are GMT. The time now is 4:33 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.