Today's news of a stalled residential development getting new life comes, oddly enough, from the one and only Karl Fischer. He tells the Wall Street Journal that a project on which he's the architect, the former Caledonian Hospital complex in Flatbush, is starting up again. The building at 100 Parkside Avenue is being converted into a 270-unit condo and rental building. Developer Joseph Chetrit has been sitting on the property since 2007, when he picked it up for $15.6 million. Fischer says the units might be on the market within a year, but does the market want new Flatbush condo inventory?
· Condo Project Comes Alive [WSJ]
· Karl Fischer coverage [Curbed]