David Templer paid $60 million to Joel Braver’s Express Builders for a development site at 1580 Story Avenue in Soundview, Bronx, and simultaneously secured a $140 million construction loan from Valley National Bank. The site spans nearly 151,992 square feet with 990,980 buildable square feet. Plans call for a 562-unit, 1.37 million-square-foot residential building. Templer, previously a partner with Jacob Schwimmer’s JCS Realty Group, is expected to redevelop the industrial property bracketed by Lafayette-Morrison and Lafayette-Boynton complexes. Braver’s Express Builders originally acquired the site in two deals totaling $18.1 million.
David Templer
