Muss is in again!
Commercial Observer excerpt -
A joint venture between Muss Development and AvalonBay Communities is planning a residential development on a recently acquired site in Sheepshead Bay, Brooklyn, Commercial Observer has learned.
The partners are planning a split condominium and rental building on the vacant 83,000-square-foot site at 1501 Voorhies Avenue, Jason Muss of Muss Development confirmed.
The partnership closed on the acquisition of the site in April for
$16.2 million, according to public records. The site at 1501 Voorhies
Avenue allows for approximately 250,000 square feet of development,
according to a source familiar with the transaction.
In a separate deal, Muss acquired an adjacent retail property at 1600 Sheepshead Bay Road
for $4 million. The building is anchored by a 4,500-square-foot
Citibank branch and boasts an additional 4,000 square feet of retail
space and 9,000 square feet of commercial space, Mr. Muss told Commercial Observer in an email.