NEW YORK CITY—Eliot Spitzer is venturing into hipster territory.
His family run real estate firm, Spitzer Enterprises, is reportedly in contract to buy a large, stalled multifamily project in the Williamsburg section of Brooklyn for $165 million, according to Crain's New York Business.
Formerly home to the Kedem Winery site, the 2.8-acre site is owned by Rector Hylan Corp., which has tried for years—but repeatedly failed—to build two mixed-used towers there. The firm bought six lots that make up the property, between Broadway and South 9th Street, for $11.3 million in 3003 and then, three years later, procured two permits from the City Planning Commission that allow for larger, denser buildings than the area's zoning permits, the Real Deal reports. GlobeSt.com was unable to reach Spitzer Enterprises or Rector Hylan at press time.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
