Demolition Begins on Multiple Urban Sites for Redevelopment

Demolition is underway at several key redevelopment sites across the U.S., signaling new phases of urban revitalization and housing development. In Bay Ridge, Brooklyn, MCB Real Estate and Osiris Ventures are beginning partial demolition at the former Century 21 Department Store site, preparing to establish a development anchored by a full-service grocer alongside fashion and service retailers to enhance the local retail corridor. Meanwhile, in Coburg, Victoria, Australia, Development Victoria has commenced demolition at The Avenue site to pave the way for new apartments and a public park, with a builder selection expected by late 2025. In Albuquerque, New Mexico, the demolition of a long-abandoned 1950s-era auto shop on state land near Central Avenue and Eubank is progressing, part of a broader effort by the New Mexico State Land Office and city officials to transform the area with affordable senior housing projects and new commercial or residential opportunities. Local leaders emphasize that clearing these neglected properties removes barriers to leasing and development, aiming to address community challenges such as homelessness and crime while fostering economic growth. These projects reflect coordinated efforts between public and private entities to rejuvenate established neighborhoods and meet housing and retail needs.