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'Burg Factory Could Go Rental To Fund Massive New Development

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Not much progress has been made in the past year on Rose Plaza, the somewhat controversial mixed-use project that planned to bring 754 units to the Williamsburg waterfront. Why the delay? Money woes, but now developer Isack Rosenberg has a solution: do a rental conversion and use the proceeds to finally fund Rose Plaza. The building to be converted?building officials issued permits for the project last week, according to the Brooklyn Paper?is the former Certified Lumber factory, which will have 30 rental units on its second and third floors (with the first staying as a warehouse). One neighbor's already warning prospective tenants away by using the words "oily and acrid" to describe the smells from the building. Lovely! Still, Rosenberg "hopes to attract artists and Orthodox Jewish tenants to live in his former factory with month-to-month leases." Which sounds like a tenant mix that might inspire more flyers.
· Lumber lofts! Developer plans studios over his waterfront wood warehouse [BK Paper]