The Real Deal reports that an investment group led by two prominent Manhattan property owners and developers, Jared Kushner and Aby Rosen, are said to have agreed to purchase the Watchtower headquarters complex at 25-30 Columbia Heights, along with a site on Jay Street in DUMBO that has substantial development rights, for $700 million. No […]
Tag Archives | watchtower properties
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 […]
City Announces Plan That May Reduce Scale of Park Housing
Mayor Bloomberg announced this evening that city and state officials plan to sign an agreement tomorrow concerning the funding of Brooklyn Bridge Park that may result in smaller scale housing being built on park land, and may even eliminate the need for the two planned new buildings near the foot of Pier 6.
Local Pols Ask Consideration of Watchtower Properties for Park Funding
In a letter to Robert Steel, Chair of the Committee on Alternatives to Housing of the Brooklyn Bridge Park Board and Deputy Mayor for Economic Development, State Senator Daniel Squadron, Congresswoman Nydia Velazquez, Borough President Marty Markowitz, Assembly Member Joan Millman, and City Council Members Steve Levin and Brad Lander urged further consideration of payments […]
Community Advisory Council to Park on Housing Alternatives: Back to the Drawing Board, Please
At yesterday evening’s meeting at LICH, after almost two hours of discussion, the Community Advisory Council (“CAC”) to Brooklyn Bridge Park passed, by a vote of 13-3 with four abstentions, a resolution urging the Committee on Alternatives to Housing (“CAH”) of the Brooklyn Bridge Park Corporation to instruct Bay Area Economics (“BAE”), the consultants hired […]
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