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Board hears update on Radisson property; developers reportedly executed contract and inspections run through March
Summary
A board member reported an investor group agreed to buy the Radisson property, wired a down payment and executed a contract; the speaker said inspections run through March and that the approved site plan calls for residential and short-term rental components.
A board member reported that an investor group has executed a purchase contract for the Radisson property and completed a significant down payment, and that the inspection period runs through March.
Meeting participants said the prospective buyers are experienced developers with other projects in Brooklyn and The Bahamas, and that the group expressed interest in first-class redevelopment, event…
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