A developer of some of the priciest real estate in Greenpoint is building up to 500 units of lower-cost housing for the growing population of Orthodox Jews in Williamsburg. Isaac Hager's North Development Group purchased an approximately 96,000 square foot property south of Broadway and a block from the East River for $42.5 million, company marketing director Martin Ehrenfeld said. The property from South 8th to South 9th Streets and from Kent to Wythe was purchased on Dec. 11 from Waterview Gardens LLC. The deal for the vacant property was negotiated between the two parties, Ehrenfeld said.
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source: therealdeal.net
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