The Wall Street Journal reports that Florida based private equity firm Kayne Anderson has bought 21 Clark Street, better known as the Towers Hotel, from the Watchtower Tract and Bible Society, better known as the Jehovah’s Witnesses, for $200 million. The building has an interesting history, recounted by our late founder here. According to the Journal story, the new owners will convert it to luxury senior (65 and over) housing.
Florida Developer Buys Witnesses’ Towers Hotel, Will Convert to Senior Housing
By Claude Scales on October 31, 2017 11:50 pm in 11201, Brooklyn Heights, Development, News, Real Estate, Seniors
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