Tag Archives | Real Estate

Kushner Cos. Drop Out of Watchtower Deal

The Brooklyn Eagle reports that The Kushner Cos. have dropped out of a deal to buy 90 Sands St. (photo), a building owned by the Jehovah’s Witnesses. Kushner Cos. has purchased a handful of properties that used to belong to the religious organization. The company, which was headed by Jared Kushner until he stepped away to serve as senior […]

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P.S. 8 Rezoning May Be Affecting DUMBO Apt. Sales

According to a Brownstoner post today, a three-bedroom apartment in DUMBO “used to be the real estate equivalent of a total eclipse or Halley’s Comet: Rare.” Now, there is an unusually high number of three-bedroom units available. Real estate agents also noted a general slowdown of high-priced two and three-bedrooms sales in DUMBO. Halstead agent Terrence […]

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Bye-Bye, Banana Republic

The windows are papered over, and a sign on the door confirms that Banana Republic is leaving the neighborhood. We’ve got the Banana Republic factory store (bargains galore!) on Fulton Mall, but a the loss of a reasonably priced option for decent clothing (even if it is a national chain) is not, in this writer’s […]

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Good-bye, Witnesses; Hello, Luxury Condos

“There is only one possible use, and that’s luxury condominiums.” So proclaimed David Lombino, the director of special projects for Two Trees, in a New York Times story published last weekend and accompanied by stunning photographs of the landscape currently inhabited by the Jehovah’s Witness complex that straddles Brooklyn Heights and DUMBO. His conclusion is hardly a surprise, given […]

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Heights Residents and Electeds Gather in Opposition to Pineapple Walk Tower

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 […]

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A Peek Inside Pier House

Curbed gets a tour of the recently opened model in Pierhouse. The model unit is a duplex-style apartment, like several others in the building, and is located on the fifth floor of the larger of the two residential buildings, 90 Furman Street. (The other is located at 130 Furman Street.) The interiors showcase the minimalist […]

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Over-Development Dominates Squadron Town Hall Discussion

As a follow up to his Seventh Annual Community Convention held this past April, State Senator Daniel Squadron held a Town Hall at Brooklyn Law school on Wednesday night.  The full Convention Report was made available to all attendees.  In his opening remarks, Senator Squadron emphasized his belief in “participatory government” adding, “State Government has […]

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Jehovah’s Witnesses Put Up Three More Buildings For Sale

The Real Deal is reporting that the Jehovah’s Witnesses have three more of their local properties on the market, including their flagship building at 25-30 Columbia Heights. The properties being marketed are a 135,000-square-foot development site at 85 Jay Street in Dumbo, a residential building at 124 Columbia Heights in Brooklyn Heights and Jehovah’s Witnesses’ current […]

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Construction for Brooklyn Heights Cinema Slated for Spring

The Brooklyn Daily Eagle reports that construction on the property at the corner of Orange and Henry is due to begin this spring. The developers who plan to turn Brooklyn Heights’ shuttered movie theater into condos expect to start construction in spring 2016 and complete the job in fall 2017, according to Colin Lieu, who handles […]

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Study Finds $250 Million Needed For Maintenance in Brooklyn Bridge Park

Crain’s New York reports today on a new study, commissioned by Brooklyn Bridge Park Corp., that recommends spending $250 million to maintain the wooden pilings on which the Park sits…money that would come from the two residential towers planned for Pier Six. In this case, maintenance would require a $90 million upfront investment—a sum that the […]

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