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NEW YORK CITY-Among the hardest hit commercial property sectors in the 2008 downturn, development sites have staged a comeback this year. Recent reports have noted a substantial pickup in year-to-date volume for parcel sales citywide, while the Wall Street Journal said in September that no fewer than seven developers were vying for the right to build apartment towers on two of the six sites at Hunter’s Point South; the field has since been winnowed to three finalists. And as a further case in point, there’s the interest surrounding the former Cascade Linen Supply complex at 835 Myrtle Ave. in Brooklyn’s Bedford-Stuyvesant neighborhood, which has just come to market.


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