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September 2008
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Archive for 'Real Estate'

SSJ Riviera Gets a Bit of Constructive Vandalism

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Looks as though SSJ Riviera  has sprayed down their plywood wall with:

“SSJ Development LLC Revitalized Waterfront Living”

Jims Marine Inn to become Champion Fitness

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Champion fitness is in the progress of gutting out what used to be Jims Marine Inn, and put up a sign announcing their move expansion.

Big Al Moving in to Mike and Gerard’s

Big Al of Big Als barber shop is moving into what used to be Mike and Gerard’s.

Seems like a weird move, but good luck to Al

Tall Poles at Danza’s/Riviera Suites

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Coming in via email

Tall poles, possibly for signs to advertise The Riviera at Gerritsen Beach which might offer 32 single and two family townhouses the 32 single and two family townhouses, have gone up at the property that used to be Danzas. I say might because the developer Stephen Jemal is being sued for $5.5 Million Dollar by his investment companies, so you never know.

Maybe SSJ development should be using its money to clean up the property at Lacon Ct instead of paying lawyers to send demand letters. I changed my mind…..they should keep paying their lawyers you never know when they are going to need them. *wink wink nudge nudge*

Developer Stephen S. Jemal in $5.5 Million Dollar Contract Dispute with His Investment Companies

(Stephen Jemal assumes the position for a Daily News writer. - Courtesy of Daily News)

The investment companies that fund the Jemal’s Brooklyn projects in Mill Basin, Gerritsen beach and Sheepshead Bay have filed a civil suit against Stephen S Jemal and Sharon E Jemal in Texas Northern District Court.

The companies “Gerritsen Beach Investments Ltd” and “Riviera Investments I Ltd” filed their complaint on 7/14/2008 the cause is stated as a “Contract Dispute“.

The plaintiffs claim that the  Jemal’s (Stephen and Sharon) have not paid them back $5,580,000 plus interest. The Jemals are also allegedly also refusing to pay them back!

Both of the investment companies are being represented by Todd Hoodenpyle of Singer & Levick

What does this mean for his existing construction projects? Time will tell.

For anyone that picks this up in the media, it would be really nice to have a credit for breaking this story.

Updated: Below the Fold

(more…)

Real Estate Record Broken: Loehmann’s Seaport Plaza Sold!

In the largest Sheepshead Bay real estate deal of the last twenty years, Loehmann’s Seaport Plaza on Emmons Ave. has reportedly been sold for approximately $24 million.

Read More via Sheepshedbites

Construction on Gerritsen Avenue

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2736 Gerritsen Avenue is the address for the lot that is under construction and it looks like we will be getting a new building erected there.

SSJ Water Development Updated Plans

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Here are the updated plans for the SSJ Marina development on Knapp Street. (click for a larger image)

It does still have the 18 boat slips, and it does look smaller. This is what it was supposed to look like before.

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Here is a PDF copy

Riviera Suites New Huge Sign

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Just in case you cant see the smaller sign here is a new and improved for the vision impared.

Breaking: SSJ Marina To Be Much Smaller Than Requested

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[Image: Is not the updated plans]

Marty Goldens office is saying that the SSJ marina over at Knapp Street will have a much smaller footprint in the creek than what was requested but it will still contain the 18 boat slips.