Friday, June 13, 2014
More & More on Fourth
Marathon Day, 2011
The gold-rush continues, and more small-scale multi-families fall by the wayside. The pace is manic.
Many thanks to a South Slope News post (the 470 Fourth demo) where a commenter mentioned a deal in the works for a twelve-storey high rise development on Fourth Avenue between 15th & 16th Streets (eastern side). Apparently a parcel of six mid-block brick buildings is being amassed.
ACRIS records reveal three sales in recent months: 553 Fourth for $1,800,000 to 553 4th LLC (February), 547 Fourth for $2,100,000 to 547 4th LLC (March), and 551 Fourth for $1,665,000 to 551 4th LLC (May). If this is definitely a six-building deal, the developers must have failed to secure a much-prized corner. For the moment, at least, the Uneeda Biscuit sign (The National Soda Cracker) still hovers faintly above 15th.