NYC real estate
fromBrownstoner
19 hours agoLocals Push Back on Tower Planned for Fort Greene Church
Community Board 2's Land Use Committee disapproved plans to convert the landmarked Hanson Place church into a 27-story, 240-unit apartment tower.
Welput, a real estate fund managed by American investment firm BGO, saw its application to construct the tower close to Bevis Marks Synagogue turned down by the City of London Corporation (CLC) in December. The planned scheme involves the demolition of neighbouring Bury House on Bury Street. Opponents of the project include the UK's chief rabbi, Sir Ephraim Mirvis, and historians Sir Simon Schama, Tom Holland and Simon Sebag Montefiore. Welput has been approached for comment.
SAN JOSE A lender is heading into the final stages of its efforts to seize ownership of The Fay through a foreclosure of a delinquent construction loan totaling $182.5 million. Documents filed with the Santa Clara County Recorder's Office show the lender could take back the 363-unit high-rise at 10 East Reed St. in the SoFA district before the end of the year.