By Sabina Mollot
Los Angeles-based real estate investment firm CIM Group appears to be moving along with its plans for the property that used to be the Beth Israel Karpas Health Information Center.
The four small adjoining buildings on First Avenue and 18th Street across from Stuyvesant Town have finally been demolished after undergoing a lengthy asbestos abatement treatment.
Additionally, CIM Group has filed an application with the Department of Buildings to be an eleven-story residential building with some retail space. According to the filing, it will have 48,374 square feet of residential use and 6,966 of commercial (with a total 55,340). Continue reading