Developers snap up 'spectacular' Brooklyn parcel.Mario Mario (mär`yō), 1810–83, stage name of Giovanni Matteo, Cavaliere di Candia, Italian tenor. An officer of the Piedmontese guard, he went to Paris in 1836 and studied at the Paris Conservatory, making his debut (1838) at the Paris Opera Procida, president of Procida Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. & Construction Corp. and Louis V Louis V, king of France Louis V (Louis the Sluggard), c.967–987, last French king of the Carolingian dynasty; son of King Lothair. His father had him crowned in 979, but he did not become king until Lothair's death in 986. . Greco, Jr., vice president of real estate development firm, Second Development Services Inc., announced the purchase of 505 Carroll Car·roll , James 1854-1907. British-born American physician noted for his research on yellow fever. In 1900 he deliberately infected himself with the disease for experimental purposes. Street, a 1+-acre parcel of land in downtown Brooklyn Downtown Brooklyn is the third largest central business district in New York City (following Midtown Manhattan and Lower Manhattan), and is located in the . A through-block property bounded by Presidents and Carroll Streets, it is the site of a 96,000 s/f light manufacturing facility. Commenting on the purchase, Procida stated, "The 505 Carroll Street property represents a spectacular re-development opportunity which we are carefully considering." Financing of the $9,500,000.00 purchase was provided by Signature Bank. Procida and Greco represented themselves on the buying side of the transaction. The seller was represented by Michael Silber and Metro. Procida and Greco have extensive experience in the real estate development, management and construction businesses and have worked both separately and together on various projects. Past projects where they have joined forces on include the highly successful "be@" brand of condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. properties targeted to the young, urban professional with a highly sociable lifestyle. The original and already completed "be@" branded condominiums are the be@BoulevardEast, an 11-story, 99 residence condominium located at Brooklyn's 53 Boerum Place and Manhattan's be@ClintonWest, the 147-unit condominium at 516 West 47th. That building sold out in eight days in the summer of 2005. |
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