NEW YORK CITY-Among the hardest hit commercial property sectorsin the 2008 downturn, development sites have staged a comeback thisyear. Recent reports have noted a substantial pickup inyear-to-date volume for parcel sales citywide, while the WallStreet Journal said in September that no fewer than sevendevelopers were vying for the right to build apartment towers ontwo of the six sites at Hunter’s Point South; the field has sincebeen winnowed to three finalists. And as a further case in point,there’s the interest surrounding the former Cascade Linen Supplycomplex at 835 Myrtle Ave. in Brooklyn’s Bedford-Stuyvesantneighborhood, which has just come to market.

“This site has been circled by the local development communityfor a number of years,” Kenneth L. Zakin, senior managing directorat Newmark Knight Frank, tells GlobeSt.com. That interest has beenpiqued lately as Cascade Linen, in business for more than acentury, discontinued its business operations at the site earlierthis year.

“They were really the premier commercial laundry,” says Zakin,who is marketing the property with Newmark associate directorsJustin DiMare and Randall Liberman. “They handled all of thehotels—you used to see their white trucks all over the city.”