21 Water Street – Sag Harbor
New York, New York
During 2008 an international development group failed to complete the construction of 25 super luxury loft condominiums facing the Long Island Sound in Sag Harbor. Amalgamated Bank, an investor and lender, was forced into a foreclosure preceeding. During the preceeding, the building sustained substantial weather damage and deterioration. WQB Architecture was hired by Amalgamated to restructure the project, complete construction, cure code and construction deficiencies and work with Barry Brown Construction to remarket the condominiums. Construction and sales will restart in the Summer of 2012 and should be complete in Second Quarter 2013.