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.
DDG and Westbrook Partners plan to convert the former Standish Hotel building at 169 Columbia Heights, in Brooklyn Heights, into condominium units, according to Crain’s. The team acquired the property from Taurus Investment Holdings for $60 million in the summer of 2015. Taurus had converted the 12-story building into 112 rental apartments last decade. It’s currently dubbed The Standish. It was not disclosed if the number of units will change after the conversion.
In early November, the City Planning Commission approved Hudson Companies’ planned 36-story, 139-unit mixed-use building at 280 Cadman Plaza West, in Brooklyn Heights, and now the City Council has approved the project. According to DNAinfo, Wednesday’s vote was practically the last step before the project gets green-lit. Mayor Bill de Blasio is planning to sign the deal, which will conclude ULURP, the city’s Uniform Land Use Review Procedure. The project overtakes the site of the Brooklyn Heights public library and 26,620 square feet on the ground floor will be dedicated to it. In addition, the Marvel Architects-designed tower will include 9,000 square feet of city-run academic labs and retail space. The property will be sold for $52 million.
The Landmarks Preservation Commission has approved the restoration of the four-story, multi-family building at 8 Montague Terrace, in Brooklyn Heights. The 11,266 square-foot structure will shrink to 11,122 square feet and will be converted to a single-family townhouse, according to the Brooklyn Daily Eagle. The building presently contains eight units. Thomas Hut of HS2 Architecture is designing the restoration, which would include the addition of balconies on the structure’s rear upper levels. It’s that work which the LPC had to approve.
An unnamed developer is offering to pay at least $75 million to build a 40-story residential tower at 220 Cadman Plaza West, in Brooklyn Heights, according to the Brooklyn Daily Eagle. The offer is being made to Whitman Owner Corp. and its shareholder residents. If approved, the existing single-story commercial buildings at the site, including 89 Pineapple Walk, would be demolished. In their place, a new residential tower would have possibly hundreds of condo units as well as new retail space. Shareholders are expected to vote before January 15 on whether the board should seriously consider the offer.