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Construction & Design Deals & Dealmakers

Daten Group acquires old Verizon building in Clinton Hill

The Daten Group has closed on 540-554 Waverly Avenue in the Clinton Hill neighborhood of Brooklyn this week; utilizing CAD Waverly LLC and signed by founder David Ennis; according to city records. 

DAVID ENNIS

The commercial real estate lot was sold by Verizon New York, Inc. for a sticker price of $17.5 million.

Daten will attempt to consolidate the zoned lots in the block that run adjacent to Atlantic Avenue and Clinton Avenue, an act that is subject to approval by the Board of Standards and Appeals. 

Plans filed with the city indicate that a new nine-story mixed use building made of concrete will be placed in the lot. The building will yield 91,900 s/f for residential space with ample low-income housing as a designated compensated development, and 2,987 s/f of commercial space. Additionally, the plans include 56 enclosed parking spaces. SL Green Realty provided financing of $21 million for the project, which appears to be on hold until zoning approval is resolved.

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