Overview

• Isaac Schwartz acquired the long-contested Crown Heights parcel for $54.3 million in a JLL-arranged sale.
• The November 2024 rezoning permits a 10-story, 355-unit building shaped by a 10-degree slope to limit shadows on the Brooklyn Botanic Garden.
• The transfer raises enforcement questions about rezoning commitments such as revised affordability targets and upgrades to Jackie Robinson Playground.
• No new building permits are filed, buyer plans are undisclosed, and neither Continuum, JLL nor Schwartz provided comment on why construction did not proceed.
• JLL circulated a concept rendering showing 14 stories despite the 10-story cap, while earlier 39-story and 14-story Continuum proposals were curtailed over shadow concerns.