Over a year ago, Forest City Ratner placed their Downtown Brooklyn development site, at 625 Fulton Street, on the market, and now Rabsky Group has agreed to purchase the property for $158 million, according to Commercial Observer. The site contains 600,000 square feet of development rights, and a residential tower is most likely, although plans for the site remain undisclosed. Until last year, the site was home to a seven-story, 359,000 square-foot office building.
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You may recall a few weeks ago that a young man-Eric Modan- was killed in a Williamsburg building on Hope St due to a faulty elevator (which had been cited by the DOB four times).
http://nypost.com/2015/10/02/m…
The building, 156 Hope St is owned under an LLC- Hope St Holdings which is in fact owned by the Rabsky group. Simon Dushinsky and Isaac Rabinowitz.
The property “manager” Goose Property LLC is located at
the address listed for Rabsky-505 Flushing Brklyn…same phone number as well: 718- 246-3734
The quick evasion of ownership was immediately forthcoming as published in the media: “The city’s investigation into the cause of the elevator malfunction is ongoing, but building manager Goose Property Management had no doubt about what caused it, referring to the fatal drop in anemail to residents as “an act of God.”
http://nypost.com/2015/10/02/m…
In another of their developments-the Bushwick Rheingold property- there are environmental toxic issues which will be under the purview of a not to be trusted Office of Environmental Remediation:
http://www.nyc.gov/html/oer/do…
If this isn’t troubling about the Rabsky modus operandi…perhaps you might wish to open today’s ProPublica investigation:
https://www.propublica.org/article/nyc-landlords-flout-rent-limits-but-still-rake-in-lucrative-tax-breaks?utm_campaign=comms&utm_source=comms-pitch&utm_medium=email&utm_term=preferential-rent
Enough said…