Floodgates set to open on 'Mustard' bidding.A strategically-located, prime block-front development site, The Old Dutch Old Dutch n. Old Low Franconian. Mustard Company situated in Brooklyn's burgeoning Williamsburg enclave enclave /en·clave/ (en´klav) tissue detached from its normal connection and enclosed within another organ. en·clave n. A detached mass of tissue enclosed in tissue of another kind. , is on the market for sale through an Eastern Consolidated team led by Alan P. Miller. Bordered on three sides by Metropolitan Avenue, Wythe Street, and North 1st Street, the block-front can accommodate the development of a seven-story residential 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. building with a retail component. "Acquiring the Old Dutch Mustard Company site represents a rare opportunity to gain a major foothold in North Williamsburg, a neighborhood that because of its close proximity to Manhattan is ripe for new residential development," said Mr. Miller. He added, "The site's buildable build·a·ble adj. Suitable or available for building: "The problem was finding a site that was well located, appropriately zoned . . . and buildable" Sam Hall Kaplan. area totals approximately 127,000 s/f on a 47,000 s/f parcel. At a time when the quest for Verb 1. quest for - go in search of or hunt for; "pursue a hobby" quest after, go after, pursue look for, search, seek - try to locate or discover, or try to establish the existence of; "The police are searching for clues"; "They are searching for the residential development sites is at an all-time high, we anticipate keen investor interest in this exceptional offering." The Old Dutch Mustard Company, owned by the same family since 1942, has been dormant for the past 25 years. The site, part of a 180-block recent re-zoning initiative, is easily accessible to Manhattan via the "L" train. |
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