NEW YORK CITY—Eliot Spitzer is venturing into hipsterterritory.
His family run real estate firm, Spitzer Enterprises, isreportedly in contract to buy a large, stalled multifamily projectin the Williamsburg section of Brooklyn for $165million, according to Crain's New York Business.
Formerly home to the Kedem Winery site, the 2.8-acre site isowned by Rector Hylan Corp., which has tried for years—butrepeatedly failed—to build two mixed-used towers there. The firmbought six lots that make up the property, between Broadway andSouth 9th Street, for $11.3 million in 3003 and then,three years later, procured two permits from the City PlanningCommission that allow for larger, denser buildings than the area'szoning permits, the Real Deal reports. GlobeSt.com wasunable to reach Spitzer Enterprises or Rector Hylan at presstime.
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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.
