The latest owner of Dumbo's 51 Jay Street is Silverstone Property, which picked up the manufacturing building for $45 million in a deal that closed yesterday. Silverstone's plan: take the building up to six floors (it's currently three) and convert it to apartments designed by ODA Architecture, the same folks involved with 93 Worth. Construction should begin in six to nine months, with the building done in early 2015. [Real Deal; previously]
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