DUMBO

25-30 Columbia Heights

Development Team to Buy Jehovah’s Witnesses’ 11-Story Headquarters at 25-30 Columbia Heights, Vacant Site at 85 Jay Street

RFR Holding, LIVWRK, and Kushner Companies are preparing to enter into contract to purchase the 11-story, 733,000-square-foot office complex at 25-30 Columbia Heights, in Brooklyn Heights, in addition to the vacant full-block, 135,000-square-foot development site at 85 Jay Street, in DUMBO, from the Jehovah’s Witnesses. The team of developers are paying $700 million for the properties, according to the New York Post. 25-30 Columbia Heights, which is commonly called the “Watchtower,” is the organization’s current headquarters. It could possibly be turned into a commercial hub, similar to how the same developers converted the former Jehovah’s Witnesses properties at 81 Prospect Street into offices back in 2014. As for 85 Jay Street, the site has been long approved for roughly 1.1 million square feet of development. That’s as many as 700 to 1,000 residential units, which could boost the neighborhood’s population by a third, Brownstoner reported a few months ago.




Bridge Park 2

Parks Department Receives Funding For Bridge Park 2 Renovation, DUMBO

As the Jehovah’s Witnesses place their Brooklyn properties on the market, the group has agreed to give the city $5.5 million towards rebuilding Bridge Park 2, located below the Brooklyn-Queens Expressway in DUMBO. The park has been in limbo for over a decade, and previous plans to renovate and upgrade the dilapidated site never came to fruition. The redesigned park could have a skate park and a multipurpose field, although the Parks Department will have to finalize the redesign, according to the Brooklyn Paper.


51 Jay Street

Seven-Story, 74-Unit Residential Project Officially Tops Out At 51 Jay Street, DUMBO

Last week, Brownstoner brought us a construction update on the seven-story, 74-unit residential redevelopment at 51 Jay Street, in DUMBO, and now YIMBY can announce the expansion project has officially topped out. Its residential units average 1,815 square feet apiece and have commanded one of the highest price per-square-foot figures in the neighborhood, selling at $2,083 per-square-foot. The building is nearly 75 percent sold, as reported earlier, and move-ins are expected sometime next summer or fall. Residents will have a slew of amenities available to them, and 1,333 square feet of retail space is planned on the ground floor. Slate Property Group and Adam America Real Estate are the developers, while ODA Architecture designed the project.


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