Late last year, Anbau Enterprises offered to pay roughy $75 million to demolish a single-story retail building and build a 40-story residential tower at 220 Cadman Plaza West, in Brooklyn Heights. Even after the developer increased the bid to $130 million last week, meaning a $150,000 payout for each shareholder, the shareholder residents of Whitman Owner Corp. at 75 Henry Street voted against the offer, according to the Brooklyn Daily Eagle. That means the board will not investigate the development plans and the one-story retail building along Pineapple Walk will remain as is.
Present-day 220 Cadman Plaza West, photo by Mark Frost for the BDE
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Complete Imbeciles