The City Council has approved developer Thor Equities' 214,000 square foot shopping center on the Bensonhurst waterfront.  

Thor bought the land six years ago for $10 million.

Even before construction begins on the $150 million Bay Center project at 1752 Shore Parkway, Thor has leased 143,000 square feet -- including a 700-car parking lot -- on the lower level to anchor tenant BJ's Wholesale Club. 

The developer is seeking commercial tenants for 69,000 square feet of space.

The article from Crain's New York.