Sunday, January 04, 2009

300 20th Street nears completion.


















Here's another little 4 story condo project in Greenwood Heights that had a very rocky start. Brooklyn Buildings Forensic Engineering Swat Team jumped all over these guys, issuing a Stop Work Order in October of 2007. Poorly executed foundation work led to their neighbor's rear wall falling off. Violations followed for an improperly maintained site with a crappy construction fence. Surprisingly, the architect on the job, Sandor Weiss, got hit with two ECB violations of his own.

This one for violating: SEC-157 FOUNDATION PLANS ARE NOT ADEQUATE IN THAT THE PLANS ARE NOT COMPLETE OR OF SUFFICIENT CLARITY TO INDICATE THE ENTIRE NATURE & EXTENT OF PROPOSED FOUNDATION WORK.

This one for violating: SEC-132 FAILURE TO CARRY OUT CONTROLLED INSPECTIONS. RESPONSIBILITIES IN APPROPRIATE MANNER TO ENSURE WORK WAS PROCEEDING SAFELY,PROPERLY & IN ACCORDANCE W/APPROVED APPL.NB JOB #302231270(PLANS,NOTES,SPECS)UNDERPINNING



Looks like the job is just about finished. For what it's worth, the building isn't so bad looking. They certainly reigned in their use of the front balconies. Something that most other Brooklyn Architects have been unable or unwilling to do.


The Community Preservation Corporation is a nationally recognized leader in helping developers finance and build affordable multi-family housing. They provided $1550,000 in construction financing for this job.

"To CPC, no loan is simply a financial transaction. Each project reflects CPC's commitment to help developers succeed at strengthening communities. CPC serves as a borrower's ally and "one-stop shop," guiding the project from deal inception to project completion. Throughout the challenging process of developing or rehabbing a property, CPC provides useful technical assistance at every step. Financing with CPC is an easier, client-friendly process that borrowers welcome."

The Community Preservation Corporation (CPC) is a Private, Not-For-Profit Corporation sponsored by more than 90 Commercial Banks, Savings Institutions and Insurance Companies. Sponsors contribute capital, participate in lending activities, and provide governance to CPC by sitting on the Board, the Mortgage Committee, and other policy making bodies.

The Mission of The Community Preservation Corporation is to Stabilize, Strengthen and Sustain Low and Mixed Income Communities.

CPC will achieve its Mission by developing and distributing products and services for and by providing leadership and advocacy in the following areas and activities.

1. Provide mortgage, construction and other lending for the housing needs and the ancillary commercial activities that are necessary for achieving sustainable communities.
2. Build a positive environment for investments in these communities that often lack borrower sophistication and a credit infrastructure.
3. Work with governmental agencies to remove regulatory impediments to investment, and to create public/private financing programs that support these efforts.
4. Create an infrastructure of primary and secondary financial markets that are tied into the National credit markets and that are positively predisposed to supporting and participating in these investments.
5. Develop and package products and services that are tailored to these areas, and that eliminate the problems these borrowers often encounter with standard financial products.
6. Develop a distribution system for these products that takes advantage of the capabilities and the needs of our Member institutions.
7. Assist our Member institutions in providing Community Development Financing.
8. Encourage community self-sufficiency by improving the skills of the community based developers and contractors, as well as those community groups interested in achieving neighborhood stabilization.
9. Bring together public, private and community-based resources to create, support and sustain these activities.
10. Engage in those "enabling" financial, marketing, advocacy,consulting, educational, and organizational activities necessary to achieve the Mission and sustain its impact.




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