"Not so fun fact: it has now been five YEARS since Century 21 closed their doors and forgot all about us," he wrote. "But they finally released us and sold all of their properties to buyers who are motivated!"
"The $100 million project that aims to transform the former Century 21 site on 86th Street into a 95,000-square-foot retail complex anchored by a grocery store is still a thing," Brannan wrote in a follow-up comment. "We'll have more news on that soon."
Two separate redevelopment projects will replace the shuttered Century 21 properties on opposite sides of Bay Ridge's 86th and 87th Streets. The parcel on 86th Street between Fourth and Fifth avenues sold to MCB Real Estate and Osrisis Ventures for $47 million and is planned as Century Marketplace, a 95,000-square-foot retail complex featuring smaller shops and a potential national grocery anchor. Demolition has begun at the 86th Street property. The neighboring 87th Street property and its parking lot were acquired by the Abed family for $28 million and are expected to house a SuperFresh supermarket. Council Member Justin Brannan acknowledged frustration over the five-year vacancy and said buyers are motivated. Community concern exists about potential supermarket competition between the two planned developments.
Read at Brooklyn Paper
Unable to calculate read time
Collection
[
|
...
]