As reported in detail by the Brooklyn Daily Eagle, concerned Heights residents and numerous elected officials convened at 101 Clark Street on Wednesday night to brainstorm ways to convince their neighbors at 75 Henry Street and adjacent town houses to vote “NO” on the potential sale of Pineapple Walk. A developer has offered $75 million dollars for the site owned by Whitman Owners Corp. and has proposed a 40-story tower along with new retail stores.
Peter Bray, Executive Director of the Brooklyn Heights Association warned investigating the sale “opens a Pandora’s Box” adding that once developers have entered the conversation “with their money, PR firms, architect’s fancy renderings and promises pulled out of their pockets, it’s all very seductive. You can’t say no at that point, you’re really committed. A yes vote is saying this is going to happen.”
Councilmember Steve Levin said shareholders should reject the offer, “because of the impact to the community of the development, because of the impact of the density, because of the light and air impacts.” Adding, “[Shareholders] are obligated to look to after the long-term financial stability of their building” but he would also “encourage them to consider the input of their neighbors.”
Cadman Towers Board President, Toba Potosky cautioned that once the site has been sold, Whitman Owners Corp. has no influence over what developers will build explaining, “you’re not going to be partners.” Unlike the recently approved sale of the Brooklyn Heights Library (where Councilman Levin negotiated many “sweeteners” to the deal), this sale is as-of-right and does not require approval from the City. Shareholders have been asked to vote by January 15th, not on the actual sale, but whether to investigate the offer in more detail.
DISCLOSURE: This correspondent is a resident of Whitman Owners Corp.