Real Estate
Super-Sized: Park Slope McDonald's Set to Become 75 Apartments
The $14.8 million deal will spell the end for fast food at 275 Fourth Ave.
A standalone McDonald's at 275 Fourth Avenue in Park Slope just ended up on the menu itself.
According to The New York Observer, Adam America Real Estate and Silverstone Property Group jointly purchased the plot for $14.8 million, and plans to put 75 posh apartments in place of the fast-food eatery.
“Our plan is to build a very high-end rental building of approximately 75,000 square feet, with 6,000 square feet of ground floor retail," Silverstone associate Martin Nussbaum told The Observer.
Plans for the McDonald's plot are just the latest in the reshaping of Fourth Avenue, playing into the hopes of civics and city planners to transform the neighborhood artery into a bustling mix of commercial and residential buildings.
Read more here.
Are you happy to hear about the deal, or sad to see McDonald's go? Let us know in the comments.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
