What's Up at 100 Clark Street?
Last week we (and a tipster) noticed that the scaffolding that had been on the front of 100 Clark Street for the past several months had been removed. As you may remember, this building had to have emergency repairs last Memorial Day weekend after years of neglect by the former and current owner, The Penson…
Last week we (and a tipster) noticed that the scaffolding that had been on the front of 100 Clark Street for the past several months had been removed. As you may remember, this building had to have emergency repairs last Memorial Day weekend after years of neglect by the former and current owner, The Penson Companies. (This is the same Penson that recently sold a portfolio of five buildings in The Heights.) Penson subsequently sued the DOB to stop it from demolishing the entire thing; the building was 8,000 square feet, more than the 6,700 square feet that a new building on the site would be capped at. There’s still a Stop Work Order on the property. Anyone know what’s going on with it?
Emergency Repair at 100 Clark While Court Fight Continues [Brownstoner]
Emergency Demo at 100 Clark Clears Tenants [Brownstoner] GMAP
‘Dereliction of Duty’ in Brooklyn Heights [Brownstoner]
The City has approved the building to be rebuilt to original size (which is more than FAR allows). It is being offered for sale for $2.2 mil with no tenants. Owners has to sell, like the rest of the properties. No one wants to deal with it.
By the way rent control people are not hard to move. It is case by case. Some are difficult others easy. Hundreds are bought out or moved yearly. They can take the money and move to Florida.
I assume they removed the sidewalk bridge because the place is wrapped up like a mummy. In fact it actually is a dead, mummified house. When the finacial climate improves, and if sales at 20 Henry do well, the owners will sell to someone who will demolish the old left-overs and build something new. Maybe even a replica of the old building if in doing so they can keep the old FAR.
The saga of this building should be carefully noted by all those posters who claim time and again that getting rid of entrenched renters is no big deal.