Slate Property Group, Meadow Partners and an unidentified developer just closed on a Downtown Brooklyn property adjacent to the site of their One Flatbush project, The Real Deal has learned. The partners paid $23 million, and are likely to build condominiums on the site.
TerraCRG’s Ofer Cohen, who brokered the deal with colleagues Melissa Warren and Dan Marks, said it was unlikely the partners would combine the two adjacent projects. “From a zoning-lot perspective, there’s a lot you can do,” he said, “but in terms of massing, this is not the most efficient site. There are inherent challenges.”
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