More changes in historic Heights
Eye On Real Estate: New Highrises, Hotel Downtown
Are high-profile builders Tom and Fred Elghanayan looking to make their big development site on Livingston Street even bigger?
The two brothers – whose company TF Cornerstone owns a blue-chip portfolio of New York City apartment properties and Manhattan and Washington office buildings – are planning their Downtown Brooklyn debut at 276-300 Livingston St.
Last spring, Cornerstone paid $70 million for this parking garage with storefronts housing an IHOP pancake house, a Greyhound bus station and several other tenants. The developers plan to clear the site for 600 apartments.