Two corner sites at a prime Vinegar Hill intersection have served as parking lots for decades.
Now, residential development is headed their way.The intersection is Front and Gold streets in the quirky, picturesque waterfront Brooklyn neighborhood that’s adjacent to tourist magnet DUMBO.
One of the corner lots, 251 Front St., was just sold by a property owner who withdrew his application for rezoning that would have allowed him to construct a nine-story apartment building. The other corner lot, 265 Front St., belongs to two brothers who have parked their company’s trucks on it since the 1980s.
The planned residential developments will significantly change the streetscape in this part of Vinegar Hill. Currently, both sites are surrounded by corrugated-metal fences.When the planned developments are completed, apartment buildings will stand on three of the intersection’s four corners.
The one that’s already in existence is 99 Gold St., a former industrial property that developers Harry Kotowitz and Howard Klaus of the HK Organization purchased for $4.62 million in 2003 and converted into a residential building.