Development Watch: 499 Vanderbilt Avenue

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The developer of 499 Vanderbilt Avenue between Fulton and Atlantic paid $1,000,000 for the 2,750-square-foot lot in early 2008. Only recently, though, has he gotten into high gear on the project. Based on the DOB application, this is going to be a 13-unit, six-story residential building with a total of about 16,000 square feet of space. GMAP P*Shark DOB

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