Vacant lot on Sterling between Washington and Classon - Brooklynian

Vacant lot on Sterling between Washington and Classon

Does anybody know what's going on with the giant vacant lot across from 491 Sterling, between Washington and Classon? Lately, a bulldozer has been spotted there, and yesterday I saw a lone guy digging a trench with a shovel. I would presume at some point this will be massive new apartment building?

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