Los Angeles-based developer Est4te Four is sweeping through Red Hook with an acquisition of four more warehouse sites.
Est4te Four paid $33 million for the assemblage, including a three-building complex at 64-82 Ferris Street that formerly housed the New York Daily News’ printing presses. Plans call for a conversion of the warehouses into office properties and ground-up construction of buildings that would hold either hotel rooms or offices. The Ferris Street site sold for $17.5 million, while sites at 242 Coffey Street and 300 Coffey Street sold for $9.9 million and $5.6 million, respectively. [more]