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. To understand why, we have to go all the way back to 1986, when Cornell University won a precedent-setting case, Cornell v. Bagnardi. The […]

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