Home Solutions' Permit Problem

Blue Diamond has no Web site or listed phone number. Through a search of New York City building records, TheStreet.com finally located Rick Holowchak, president of Blue Diamond, via telephone Thursday.

Holowchak declined to give the locations of two of the three projects Home Solutions will work on because doing so "would be more of a headache until the permits are done," he said. Holowchak also explained that he is partial owner in some of the projects but declined to explain further.

The two projects are located somewhere on the Upper East Side of Manhattan and in the Whitestone section of Queens, he confirmed

The other project, which is the first that both firms will work on, is located at 142 North 6th St. in Brooklyn, Holowchak said. Building records from the city show that the site suffered from a stop work order for several months until late April, when the order was rescinded. The currently empty lot is the future home of Urban Green Condos, a 44-unit condo project in the Williamsburg section of Brooklyn.

In its press releases, Home Solutions talks about eventually doing work on 339 condos and 160,000 square foot of mixed-use retail space with Blue Diamond. That means that aside from Urban Green Condos, investors remain in the dark about the locations of the remaining 295 condos and the entire retail site.