Real Estate
Brooklyn Developer Evicted From Bed-Stuy Headquarters: Report
Brookland Capital​, dubbed one of Brooklyn's most prolific developers, received an eviction notice at its Bed-Stuy HQ, reports show.
BEDFORD-STUYVESANT, BROOKLYN — Brooklyn's "most prolific developer" may have to pack up and move his Quaker parrots, pizza stone, and vintage Ms. Pac-Man arcade machine after his Bed-Stuy landlord filed to evict, according to reports.
Brookland Capital CEO Boaz Gilad was told to clear out of his headquarters on Malcolm X Boulevard and MacDonough Street this week by landlord Ronel Ben-Dov, The RealDeal reported Thursday.
The development firm also faces a $300,000 breach of contract lawsuit from construction company Braga Corp., which claims has not been paid for work done at 650-658 Madison St. near Stuyvesant Avenue, according to the report.
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There are currently about two dozen Brookland Capital projects underway in Brooklyn, and The Real Deal reported in June, 2018, that the firm had created more than 2,000 housing units since launching in 2012.
But Brookland Capital has faced myriad financial woes since Gilad was forced out of a partnering entity that issues bonds in Israel over concerns about debts, the Real Deal reported.
Find out what's happening in Bed-Stuyfor free with the latest updates from Patch.
Read the full report here.
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