Developer Offers 75 Henry Residents Big Payout to Raze Pineapple Walk Stores and Build 40 Story Condo

The Eagle reports that an as yet unidentified developer has offered the co-op board of 75 Henry Street, one of the high rise Cadman Plaza buildings that also controls some adjacent low rise townhouses, a payment of $75 million for the right to raze the existing store buildings along Pineapple Walk, which the 75 Henry co-op also owns and which includes the popular food mart in the photo on the end near Henry Street and the Park Plaza Diner on the Cadman Plaza West side, in order to build a 40 story condo apartment building which would have retail on the ground floor. According to the Eagle story, the 75 Henry board’s reaction has been cautious, noting that the proposed new building would block views from one side of 75 Henry and that the project would arouse substantial community opposition. Reaction from 75 Henry residents has been mixed. If and when the developer’s proposal is finalized, the board plans to put it to a shareholder/resident vote.

Photo: Panoramio.

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  • MaryT

    75 Henry was an M-L co-op until it went private a few years ago. 101 Clark and 140 Henry are still in the program (Cadman Towers was denied its bid to privatize by the NYS Attorney General’s office). These complexes were part of the ’60s-’70s mandate to provide middle-income New Yorkers with light-filled, airy, safe and affordable co-op apartments. A boon to decaying neighborhoods. Now that everyone wants to live in Brooklyn it’s bye-bye to rational land use, open space, reasonable housing costs, neighborhood merchants. Hello, greed heads.

  • MaryT

    Exactly. 75 Henry apartments are now selling for extraordinarily more than the M-L cooperators’ buy-in prices. Thanks for the reminder, @Mad Man.

  • JDF

    I do not agree that this is
    progress. Have you considered the impact on the local infrastructure including
    schools, vehicular and pedestrian traffic? Have you considered the years of
    construction and the disturbance this will cause? Have you considered that
    those who will face this enormous building (both in 101 and 75 Henry) do not
    wish to have their views/light diminished?

    The proposed building will be a
    high end condo with no other benefit to the public. I know you tout quality
    retail. I am curious as to what retail you believe is so lacking, and what will
    come to Pineapple Walk (and pushing out the businesses and employees who have
    been there for years) that is the justification for your argument that this is
    beneficial.

    It is also curious that you tout
    the financial benefit to the 75 Henry cooperators as another argument as to why
    this is beneficial yet say you have nothing to gain. If that is actually the
    case, then you are not a resident of 75 Henry.

    Well, I can tell you I am a
    resident of 75 Henry (so not the “jealous” type I presume you are referencing
    below) and am fully against this as are many of the residents I have spoken
    with. You say this is not part of the historic district. Technically, you are
    right. However, many of us chose this neighborhood because it is NOT like every
    other overbuilt neighborhood in the city. Where there was still a sense of
    community and even a bit of a small town feel. We can “live in NYC” and still
    not have to build upon every single square inch in the name of “progress”.

  • Frenchbull

    best comment

  • Leslie B

    Perhaps you’re the one who is greedy – you want the views, you want light filled, airy place to live – how about others, who were not as LUCKY (you have NOT EARNED that ML coop, it was SUBSIDISED by the taxpayers). This is NYC and not some rarified preserve or a nursing home. Things change, and people who pay taxes that KEEPS the place where you live safe, might want to buy, but there is not enough space, so development is needed and the city will have no choice but to adjust the infrastructure.

  • jonny

    Leslie,

    With all due respect, I paid high $$$ for the views that 75 offered, I worked hard to earn it, the board should not take that from me simply b/c some high power mogul wants to buy us.

    Neighbors, specially the ones facing south and the community across PW (101) Clark should weigh in too. What I want to preserve is what I bought in first place which is access to the building, playing with the kids in the plaza, going to the stores, and everything that came in the package. As a shareholder, I have the right to decide what am I going to improve at 75 Henry.

    The “assessment” proposed by the board will cost us money, and I think all we need instead is common sense, not lawyers telling us to move ahead regardless the impact. As I stated before, the letter shared with us should have never had dollar figures on it and from my POV this move shows an intention to push the less informed into a quick-cash mood and approval.

    Wake up people, the reason we would be getting money on this sale is to cover for our LOSSES, this is not FREE money.

    75 Henry Street should appeal to families as much as to everyone who likes its amenities. We should not be divided by who faces what, I can see this going into a North vs. South discussion in the upcoming months and I am not happy about it. We should be focused on getting our own house taken care.

  • BH Resident

    My photography aside, I love how you glommed over the part where I talk about the LONG LASTING impact on infrastructure. That’s really convenient. For the record I am also a resident of 75 Henry. I am against this project. There is no amount of money that would make it worth it for me to destroy the neighborhood by green lighting this project.

  • Leslie B

    Jonny,

    It looks like the Board is asking your opinion – unless I misread it. Who told you that the kids plaza will not remain intact? What LOSSES are you talking about? I’m glad the board put in the dollar figures – shareholders need to make an educated decision: where you may think it is wrong but others may think it’s good for the building (i.e. improved retail space, significant $$$ into 75 Henry’s reserve (to pay for a large existing mortgage), use of the additional amenities of the new building and $ to shareholders). The immediate anti-development reaction on this board is a sign of age – the older you get the less change you’re comfortable with. THIS IS NYC – THE SHOW MUST GO ON.

  • jonny

    SHOW? This is not Broadway. LOL.

    If you want to leave in a sea of towers, move elsewhere. Across the bridge you will find them.
    This is not about age, Brooklyn heights does not need a 40 story building.

    I am curious, you want to use someone else building facilities? How about your own building? Isn;t this place amenities not enough for you? We are in the process of getting a small gym, a new party room, new lobby. What do you expect the new building to have?

    Do you think your maintenance will go down if you reduce the mortgage on the building?

    Brooklyn heights is a hot place not because it tries to look and feel like Manhattan, it is what it is because some people (any age) like the way it is now. We have enough new condos popping up everywhere.

    I like development, how about new high schools, libraries, surface trains in Red Hook, safer bike lanes, etc. We can barely share the Cadman Plaza area with the grown up soccer teams, having 400 more units filled with people and extra SUVs driving around is not my idea of progress.

    THIS IS BROOKLYN, The lights, tranquility and parks must go on.

  • Peter A.

    THIS JUST IN… The 75 Henry Street Board has also recently received an offer for the property on the Middagh side of the building. Apparently, the offer is for both the entirety of the townhouse/courtyard area along with the outdoor parking lot and engineers have begun feasibility discussions with the MTA concerning relocation of the High Street station exit. Exact figures are not yet available but cooperators would be offered a payment per share much like the other offer under consideration. Townhouses would be razed as would the pedestrian plaza and there would no longer be a cut through between Henry Street and Cadman Plaza West at Cranberry Street. Townhouses would be razed and their owners would receive 2.5 times market value. The height of the tower would be 45-55 stories!

  • MaryT

    We all pay property taxes, my dear. The rates are determined by when purchased, what it’s worth, and whether it’s shelter rent or market rate. We have fought to keep these apartments affordable for current and future cooperators. I’m sorry that you can’t see the intrinsic social value of this.

  • BD

    Peter A — is that true? Where did you hear that?

  • Peter A.

    True. Discussed at Squadron event.

  • BD

    Interesting! I’m a shareholder at 75 Henry and haven’t heard that yet.

  • Peter A.

    Can only imagine the infighting in that building. It would be funny if the pineapple side didn’t get the votes to prevent development and then got revenge on the middagh side by voting for development there. Maybe the owner of the apartment they put up across from you can hang a picture of the brooklyn bridge that you’ll be able to look at. Sorry.

  • Henry VonCadman

    Was at that meeting, this never came up. In fact, there was one passing mention to the pineapple lot. You are just trying to be incendiary by flat out lying.

  • Peter A.

    I have no interest in it either way and am just passing along the details. Didn’t mean to be incendiary. The discussion I heard in the audience was about how residents would have the potential opportunity to get paid twice. If it’s not true, then they would only get paid once.

  • Henry VonCadman

    This just in! Dodgers to move back to Brooklyn, as overheard in the audience of the Daniel squadron town hall meeting that took place on Wednesday. Interesting, that it took place on Wednesday but you’re breaking news “THIS JUST IN” was posted Saturday. You’ve been called out, go away.

  • Kelly

    I actually heard this too, but not the same terms Peter A is reporting.

  • Roberto Gautier

    Bravissimo!

  • BH Resident

    I was at the Squadron meeting as well and did not hear anything about selling the air rights to the townhouses. The memo received by 75 Henry residents only pertained to Pineapple Walk. Of course, NOW I’m going to ask our board if there’s another offer floating around. But seriously, please don’t spread something you heard discussed by audience members as fact. This situation is difficult enough as it is.

  • Kelly

    I wasn’t at the Squadron meeting (even though I’m a fan of his) and didn’t hear it there. It was “chatter” about Kushner that you should definitely try to confirm with your Board. Please post the answer either way.

  • Frown of Passion

    The new building should fit in with the style of 75 Henry and 101 Clark. In other other words, a design that would make Paul Rudolph proud and Jane Jacobs furious.

  • HeatherQuinlan

    Clark Street people drive like this, and Henry Street people drive like this!

  • mlcraryville

    Let us all remember that these low-lying buildings and Pineapple Walk were added as community amenities, open sky, light and air as the best alternative to the original Moses plan. What you see today at 101 Clark St. is the result of unified pressure from the Heights including the BHA. That plan, which was also subsidized by tax dollars under Urban Renewal, gave us the wonderful opening in the buildings lining Henry St. Now, the people of 75 Henry, the fortuitous inheritors of this blessing, are being offered, against common sense and possibly the underlying agreements from the early 1960’s, to sell out the hard-won trade off of light and air for a few bucks. This should not happen. We must organize once again and protect the community’s rightful inheritance of blue skies, open air, sunlight.

  • Brixtony

    Please read carefully. It’s not just the diner footprint. (and it’s “affected”)

  • Brixtony

    Progress? You’re very witty.

  • Fed Up.

    This is up to the people of 75 Henry and not up to anyone else, they own the land and they can do whatever they please. I suppose you would not like if someone comes to your house and tells you that your blinds affect his/her views.

  • BH Resident

    I spoke with both our on-site property manager and our Super. I trust them implicitly. There is nothing on the table for the Middagh side of the Whitman property.

  • mlcraryville

    This writer and many others new to the Heights do not know an awful lot about the history that got the Heights to where it is today and the earlier threats to its unique community flavor. They can learn the crucial facts, especially about what Robert Moses wanted to do and how that would have totally changed things, by simply watching a short history lesson at
    http://vimeo.com/11260100