Brooklyn Developer Files for Chapter 11

No, not that developer. But I did just read on The Real Deal that Fred Deutsch, the developer of a four-story residential
building at 338-342 22nd Street
in the Greenwood section of Brooklyn,
filed for bankruptcy protection yesterday.

The bankruptcy filing said the liabilities
for LD Development were between $10 million and $50 million while
assets were between $1 million and $10 million.

The
Brooklyn project had a stop work order served on April 30, which
remains in effect, the city Department of Buildings Web site said.