Curbed NY first reported back in May of this year that the new condo building be@Schermerhorn had returned to the market, selling units at a discounted price after being “stalled” in the Summer of 2009.
The new building, at 189 Schermerhorn in Downtown Brooklyn, was nearly 90% complete and 18% sold, reported Curbed, but was troubled by rumors which finally proved to be true: the building developer was quoted as saying “we’re in stalled mode right now” and gave buyers the option of a refund in September 2009.
Two months later the Wall Street Journal reported that an Atlanta based firm backed by German investors, Jamestown Properties, “swooped in” like a “vulture” to buy the building.
A month after that, in December of 2009, Jamestown Properties issued a press release announcing that construction had resumed. By May of this year, the building’s 246 units were up for sale at a discounted price, ranging from $266 K to $741 K.
Today, in September 2010, it appears the price is right: four months after coming onto the market, reports Curbed, 123 of the 246 units have been sold.
It seems the building has in fact come back to life, and indeed, is back with a vengeance. And so the DoBro population explosion saga continues.