The Bay Ridge building that once housed the Century 21 department store has finally been sold after years of uncertainty and shifting plans.

The $47.5 million property at the corner of 86th Street has been jointly acquired by MBC Real Estate and Osiris Ventures. According to Commercial Observer , the site will be redeveloped into “Century Marketplace,” a multi-retail space that aims to reinvigorate the once-bustling commercial corridor.

The $100 million project aims to transform the former department store site into a 95,000-square-foot retail complex anchored by a grocery store. The redevelopment will also feature a newly constructed two-story building with an interior atrium facing 86th Street, along with vibrant street-level retail spaces, according to reports .

The sale likely

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