This Time A Polo Player

One of North Williamsburg's few remaining vacant lots along Kent Avenue has been purchased for $5 million by an entity called Waterview Lofts LLC. The previous owner of the 40 North 4th Street site, Matarese/Mandella LLC had filed a permit to construct a new seven story building there in 2008, but has apparently run into financial trouble since. In May, the owner was hit with a lis pendens which marks the beginning of the foreclosure process.
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