Developer puts Sunset site of mega-project on the market
The developer has bowed out of a mega-project proposed for Eighth Avenue and 62nd Street in Sunset Park.
The Commercial Observer reported on Weds., Feb. 20 that Flushing-based 62-08 Realty LLC had put the property on the market, listing it with Cushman & Wakefield for $150 million after unsuccessfully trying to push forward with a development that would have transformed the border of Sunset Park and Dyker Heights.
According to the Observer, the move comes after developers stumbled for the second time as they attempted to shepherd the project through the city-mandated ULURP review process.