Rockrose Development inks purchase or lease option with Concord Village for development site in Dumbo

71 Sands Street approximate development site boundary (Credit: Google)

Rockrose Development through the entity RRDC Properties L.L.C. signed an option agreement with Concord Village Owners for a portion of the complex that is now a parking lot, at 71 Sands Street in Dumbo. The deal closed on June 27, 2019, and was recorded on February 13, 2020.
Concord Village is a large cooperative complex with more than 1,000 units.

This is a first right to purchase or net lease the property. The right exists for ten years. Avery Hall Investments also sought to execute a development deal with Concord Village Owners.

Rockrose recorded a memorandum of contract to buy a parcel in Fort Greene, and yesterday the firm recorded the $26 million purchase of a parcel adjacent to its Eagle Lofts apartment building in Long Island City.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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