Sales have launched for One Prospect Park West, a residential development designed by Workstead in Park Slope, Brooklyn. Douglas Elliman’s Development Marketing team is exclusively handling the sales for available units, which begin at nearly $2.4 million for a two-bedroom, two-bathroom home.
Sugar Hill Capital Partners
With sales expected to launch this Spring, Sugar Hill Capital Partners has unveiled a new website for One Prospect Park West in Park Slope, Brooklyn. Originally constructed in 1925 as a clubhouse for the Knights of Columbus, the structure’s interior components are being carefully renovated and repurposed as the building is converted into condominiums.
Sugar Hill Capital Partners has closed on the purchase of the vacant nine-story, 169,410-square-foot former senior residential facility at 1 Prospect Park West, located on the corner of Plaza Street West in Park Slope, for $84 million. The developer plans to convert the building, called Prospect Park Residence, into luxury residential units. It wasn’t specified whether they will be rentals or condominiums. Since Sugar Hill entered into contract for the property in 2014, a number of controversial evictions have taken place, some ending in buyouts and settlements, The Real Deal reported.