Home News Eichner’s Former Crown Heights Project to Go Market-Rate

Eichner’s Former Crown Heights Project to Go Market-Rate

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Ian Bruce Eichner on 960 Franklin Avenue (960 Franklin)

Update 6/17/22 9:43 am A Crown Heights spice importer has submitted a home development plan on the same land near the Brooklyn Botanic Gardens. At the Brooklyn Botanic Garden, Bruce Eichner’s Continuum Company has spent years trying to build a much larger botanical garden.

The new application for 960 Franklin Avenue from Zev Golombeck requires 6 floors and 293 apartments. One-fifth of the 1,500 homes that Continuum and Lincoln Equities have submitted to build in 2020 on two 39-story towers spanning 1.4 million square feet.

The reduction will save the project from rezoning dramas. Eichner’s plan of fate..

Since 1991, the site has been zoned so development will not exceed 70 feet. When Eichner applied for a new zoning to build the tower, the locals raised hell by rolling shadows to the botanical gardens across the street.

With a rare intervention, then Mayor Bill de Blasio opposed the project during a public review session. Continuum gained union support, temporarily hired a strategic telecommunications company, and highlighted a smaller version of the project, which was also shot down.

Golombeck contacted him by phone, stating that Continuum wasn’t involved in the new project, but didn’t say if he had another development partner. “I really don’t want to participate in this discussion,” Golombeck said.

He doesn’t have to, given that he only needs funding and building permits, not new zoning. Franklin Avenue also means getting far fewer affordable units than Eichner had offered.

However, Continuum has not yet ruled out the future of 960 Franklin.

Since the collapse of rezoning, Golombeck and Continuum have been trapped in a court battle over land. In 2017, Continuum agreed to purchase two Golombeck parcels for $ 42 million. This transaction is subject to rezoning approval.Previous court Goronbeck’s allyHowever, actions to force him to sell the land to Continuum in accordance with the terms of the 2017 agreement are still active.

“A lawsuit is pending as to whether Goronbex has properly terminated Franklin Avenue Acquisition’s right to purchase real estate. Simply submitting a plan will allow my client to purchase real estate and complete the Crown Heights project. It does not rule out or undermine rights, but it is strange that these plans were submitted about a week before the important proceedings of the case, after a long period of inactivity. ” Jennifer Recine, a lawyer on behalf of Kasowitz Benson Torres, said.

Continuum did not respond to the request for comment.

According to city records, Golombeck’s development will be 60 feet high and 198,000 square feet in area. Although Schmuelweeder is mentioned as an architect rather than Hillwest Architects, who designed Eichner’s development, few other details about the new plan have been published.

Continuum said it could build a current condominium project with 518 units.

This story was updated with comments from a Continuum lawyer who came after publication.

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