Demo Starts at Bay Ridge's Former Century 21 Site

"The parcel on 86th Street between 4th and 5th avenues was sold to developers MCB Real Estate and Osrisis Ventures. That site is slated to become a large retail complex called Century Marketplace, a plan first reported by Brooklyn Paper following the $47 million sale of the property and later confirmed when demolition permits were filed. The development group plans to featuring smaller shops and a potential national grocery anchor."

"Meanwhile, the neighboring 87th Street property - including its parking lot - was recently acquired by the Abed family for $28 million and is expected to become home to a SuperFresh supermarket. In a Facebook post last week responding to community questions - and expressing concern over the addition of a supermarket that already exists in the neighborhood and could compete with plans to bring a national grocery anchor to the former 86th Street site -"

Two former Century 21 holdings in Bay Ridge were sold separately to different buyers. The 86th Street parcel was acquired by MCB Real Estate and Osrisis Ventures and is planned as Century Marketplace, a large retail complex with smaller shops and a potential national grocery anchor; demolition has begun. The neighboring 87th Street site, including its parking lot, was bought by the Abed family for $28 million and is expected to host a SuperFresh supermarket. Council Member Justin Brannan noted community concerns about overlapping grocery competition and referenced a $100 million, 95,000-square-foot redevelopment plan for the area.

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