RedSky Capital has just recently closed on two Williamsburg development sites for $40 million, setting a new record per square foot for the city in 2014. The two sites at 184-186 Bedford Avenue and 204-206 Bedford Avenue are located right near the L train, and will likely become multi-floor retail buildings. They both sold for $3,200/buildable square foot and $2,500/buildable square foot, respectively; according to Crain's, that price per buildable square foot is more than triple the next highest sale in Brooklyn. "Being on Bedford Avenue, the most trafficked block in Brooklyn's hottest neighborhood, these two developments are the epitome of trophy assets," said Peter Levitan of Lee & Associates, who represented RedSky. [Crain's; previously]
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