Why This Area?
This area is very interesting to me for the following reasons. I have added another map, below, with some additional points of interest on it. Note this shows highlights, there is far more going on in that area in terms of building.

There are three functioning schools, one being the gorgeous Erasmus Hall. I am not certain if the others are middle or elementary schools. Just north of Erasmus Hall is the “Unused Building” noted on the corner of Bedford and Church Aves, one that I mentioned a couple of weeks ago, here.
On the Northeast corner of Albemarle and Bedford is a huge parking lot. I haven’t seen any cars parked in the lot in a long time, which may or may not mean anything. Certainly it could become a development site. There are actually quite a few parking lots/vacant lots of varying sizes scattered about this area. Another point is the huge space available via the Sears parking lot, not to mention the potential for change in Sears itself.
On the southeast corner of Albemarle and Lott St. is an old residential building in questionable condition. I would like to see this one restored but hold little hope for that.
The Southeast corner of Tilden and Lott is the interesting and very detailed ConEd building I wrote about earlier, and appears to be unused.
Plus — King’s Loews Theatre is looking hopeful. This particular section of Flatbush has a decent commericial offerings, and lets not forget the subway stops at Church Ave. There are quite a few reasons why this would not be a bad area to invest in.
Each of the red letters in the map is indicative of a new build, which I will get into shortly.
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