After months of speculation, it's finally been (pretty much) confirmed that Ben "The Sledgehammer" Shaoul's Magnum Realty is indeed the ghost-force that's been snatching up lots as well as valuable air rights on the block of East Houston between Orchard and Ludlow streets. Bowery Boogie reports that Magnum partner Marc Ravner comprises one half of the site's controlling LLC. No plans for the block have been revealed, but the development company can construct a building up to 12 stories with inclusionary housing. [BB; previously]
Filed under: