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Dyker Heights Site Will Yield Market-Rate and Senior Housing

Barone Management has closed on its $37.5-million purchase of the former Angel Guardian Home in Brooklyn’s Dyker Heights neighborhood from the Sisters of Mercy. The proposed development site is the largest to become available in the Brooklyn neighborhood in over 40 years.

Plans call for over 300,000 square feet of mixed use development. The complex will include a mix of market-rate condominiums, affordable rentals, senior housing and school facilities.

“We’ve been working closely with local elected officials and community leaders for months in order to craft a plan suited to meet the specific needs of local residents,” said Barone Management founder Scott Barone. “And, once completed, the Dyker Heights complex will leave a remarkable legacy for the owners, residents, and the neighborhood as a whole.”

Barone added that the planned educational and senior components “will re-shape the face of this underutilized site.” Construction is expected to begin in 2019.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).