by Claude Scales on April 4, 2023 11:40 pm in 11201, Brooklyn Heights, Development, Real
In February we noted that St. Francis College had sold its Brooklyn Heights campus for $200 million. In March we noted that the sale may not have gone through. Now, thanks to The Real Deal, we know that there is an apparently final deal to sell the campus for $160 million, to an affiliate of Rockrose Development Corp.. Rockrose has a long history as a developer, owner, and manager of residential properties. When your correspondent first arrived in New York in 1970, he and his roommate shared a two-bedroom apartment on the Upper East Side for which Rockrose was our landlord. Our only complaint was that, as early tenants in a newly rehabbed building, we had no hot water for a week or so after moving in.