If you live in the Carroll Gardens neighborhood, there’s no way you could ignore the giant hole in the ground at 340 Court St. (@ Union). With peeling, blue fences standing guard, this nasty eye sore has become a daily nuisance in the center of our world. Like a fly you just can’t swat away. So I’m happy to have read good news from Crain’s Real Estate. It seems not one, but two real estate firms have agreed to provide financing for the project.

Now The Davis Group, based in Boston, and Manhattan-based Alchemy Properties have agreed to partner with original property co-owner Prudential Real Estate Investors to restart the on-again off-again development. The two real estate firms will act as co-investors on the project, with Alchemy Properties serving as the development partner. Construction is expected to begin within the next two months. Materials are being ordered now, and the entire process is expected to be completed within 20 months, according to Kenneth Horn, president of Alchemy Properties.

Expect a seven story building with 32 condos, 11 townhouses, 67 parking spaces and a space for retail. And PS 58, you can expect some new students!