Magic Johnson Planning Greenpoint Project
With his work at One Hanson Place almost done, Magic Johnson is expanding his Brooklyn portfolio to Greenpoint with the purchase of a 65-by-100-foot lot at 110 Green Street. Johnson and his partners ponied up $10.48 million for the two-story factory last summer and will be pulling down an additional $41 million construction loan to…
With his work at One Hanson Place almost done, Magic Johnson is expanding his Brooklyn portfolio to Greenpoint with the purchase of a 65-by-100-foot lot at 110 Green Street. Johnson and his partners ponied up $10.48 million for the two-story factory last summer and will be pulling down an additional $41 million construction loan to build the six-story, glass-clad condo. “We are believers in Brooklyn as a place that is economically growing, healthy, entertaining and the place to be,” Johnson said yesterday in a statement announcing the deal. The developers said theapartments “are designed to appeal to a diverse and growing group of single working individuals and young families” priced out of Manhattan.
Magic in Brooklyn [NY Post] GMAP P*Shark
It has 360′ of frontage in total. See the curbed article today.
The architect’s rendering looks like a lot more than 100′ of frontage. Also, the building is being called GreenHuron or something like that, so I assume it goes through the block to Huron St. Maybe the 65’x100′ is one parcel?
Magic announced he would renovate the Loew’s Kings theater on Flatbush back during the Giuliani regime. It still sits rotting…