A Most Unlikely Project

Developer Taps 'Cornell Doctrine' to Turn Bus Parking into 379 Homes

Few people passing 2031 Eastern Parkway would have given it much thought.

The parking lot for buses was obscured by graffiti-stewn fencing and zoned for one story of manufacturing. I’ve probably driven past it a hundred times after exiting the Jackie Robinson Parkway at Bushwick Avenue.

But it was just what Adam Zeidel was looking for. The Coconut Properties principal saw its potential to provide hundreds of affordable homes and create value out of thin air.