Because this is (was) a truly grand building. In its heyday I'm quite sure it was one of the lovelier banks about along the Middle Flabenue. Without question the rush to develop Flatbush Avenue is on. You've seen some of the mid-block buildings that have gone up, and there are tons of squat "taxpayer" buildings with retail that are easy pickings. Some of the Flatbush mixed-use buildings have had their apartments boarded up for years. It's safe to say that Flatbush will look very different in just a few years time. This new building is on the SE corner, but as you know a massive affordable housing complex will soon replace the now shuttered Caton Market. Talk about sea change.
|Read all about it here on Real Deal|
|Well past time to pull your money out of the HSBC that used to was|
And for more perspective, here's the Caton building that's going up kitty corner. I love that they left the world's nastiest Key Food in the rendering. Hard to imagine it will survive the upsell.