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BROOKLYN, NY-Smaller residential developments are reaching the brownstone neighborhoods of Clinton Hill and Bedford-Stuyvesant. A contract has been signed for a lot measuring 8,000 square feet at 37-41 Lexington Ave. in Brooklyn.

The buyer plans to construct four, three-family townhomes at the site, which was formerly approved for a 24-unit condo building. Another buyer has also inked a deal for an 11,000-square-foot plot. The buyer plans to construct five townhomes in the undeveloped land.For the full story, go to Wall Street Journal.

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