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This May Not Be The Best Chanukah for Shaya Boymelgreen

New York apartment building developer Shaya Boymelgreen has had a rough year. (Click here for further information.) In the latest chapter of his real estate dealings, the developer sold his 40-year lease on 752 Pacific Street in Brooklyn to Forest City Ratner without the owner’s knowledge. Forest City needs to raze the building so it can construct its project on the Atlantic rail yards. (Click here for more information on this development project from this site. Click here for the WSJ’s predictable, but fair, anti-Kelo take.)

In May, the New York state appeals court ruled that Harry Weinstein, the owner of the Pacific Street building, could evict Boymelgreen. The court also found that Forest City was given illegal assignment to Weinstein’s properties. According to Weinstein, Boymelgreen hasn’t paid rent since June.

This week, the New York State Court of Appeals will decide if the eminent domain doctrine allows the Empire State Development Corp. to confiscate land for Forest City’s Atlantic Yards project.

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2. Court of Appeals to Decide on Eminent Domain for Atlantic Yards New York’s highest court has agreed to hear an...
3. Brooklyn’s Atlantic Yards Takes More Money Than It Provides Forest City Ratner Cos.’ proposed Atlantic Yards basketball arena...
4. 6,000 Multifamily Units Soon to Come to Downtown Brooklyn? An hour after learning that a state appeals court...
5. Five Shots (or $55 Million) and He’s Still Alive! Atlantic Yards Gets Another Subsidy For Make-Believe Affordable Housing. The developer of the troubled Atlantic Yards project is...

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