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Luxury Condos to Replace Beloved Sheepshead Bay Diner

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Last month, the much-loved El Greco Diner in Sheepshead Bay shuttered after four decades in business. Now, developer Rybak Development & Construction has paid the Venetoklis family $13 million for the site at 1821 Emmons Avenue, and also released a new rendering of the planned luxury condominium that will soon replace the waterfront property. The building hit the market last year for $15.9 million.

According to a press release from GFI Realty Services, who handled the sale, the bay-facing, full-block lot will give way to a 90,000-square-foot property with ground-floor retail, a rooftop deck, and a pool, and is the latest addition to Rybak's "growing South Brooklyn multifamily portfolio," which includes 3041 Ocean Avenue, which the developer bought in 2013 for around $4 million in 2013, as well as a residential building at 108 West End Avenue in Manhattan Beach.

· Iconic El Greco Diner To Close Next Week, Sources Say Residential Development In The Works [Sheepshead Bites]
· Longtime Sheepshead Bay diner will become a condo [Crain's]