Brooklyn Law dorm to become condominium

New York /
Jan.January 07, 2011 07:51 AM

Brooklyn Law School has signed a contract to sell its residence hall at 184 Joralemon Street in Brooklyn Heights for $12 million, the Wall Street Journal reported. The buyer of the 12-story, 30,000-square-foot Beaux arts building is BCN Development, which plans to convert the dorm — currently occupied by graduate students — into 24 two-bedroom condos. BCN also plans to invest $3 million to $4 million dollars to renovate the lobby and each of the apartments over the summer, using an Italian design. The residence hall is located within the boundaries of a proposed historic district currently under consideration by the city’s Landmarks Preservation Commission. Joan Wexler, president of Brooklyn Law School, had voiced opposition to the plan to include the building in the historic, saying it would lead to rent hikes for students. But the upgrades will take place after school finishes and students have moved out, said Craig Nassi, CEO of BCN. Prices on the condos — including two 2,000-square-foot penthouses with views of the East River — will start at $1 million. [WSJ]


Related Articles

arrow_forward_ios
The Strand Bookstore and store owner Nancy Bass Wyden (Credit: Getty Images)
Over owner’s protests, city landmarks Strand bookstore
Over owner’s protests, city landmarks Strand bookstore
Revamped design for 550 Madison receives Landmarks’ approval
Revamped design for 550 Madison receives Landmarks’ approval
Revamped design for 550 Madison receives Landmarks’ approval
The Top 10 preservation fights of 2018
The Top 10 preservation fights of 2018
The Top 10 preservation fights of 2018
The complaint against the tower includes loss of views for current residents in the neighborhood. (Getty)
Seaport community groups sue to block Howard Hughes’ Water Street tower
Seaport community groups sue to block Howard Hughes’ Water Street tower
The Howard Hughes Corporation CEO David O'Reilly (LinkedIn via David O'Reilly)
Howard Hughes’ (slightly less) big Seaport project approved
Howard Hughes’ (slightly less) big Seaport project approved
A rendering of 250 Water Street, Landmarks Preservation Commission chair Sarah Carroll and Howard Hughes Corporation CEO David O’Reilly (Center for Architecture, The Howard Hughes Corporation/SOM)
Howard Hughes told to further refine Seaport tower proposal
Howard Hughes told to further refine Seaport tower proposal
Howard Hughes Corporation CEO David O’Reilly and 250 Water Street (The Howard Hughes Corporation/SOM)
Critics look down on shorter 250 Water Street
Critics look down on shorter 250 Water Street
A rendering of
Justice Avenue Tower
in Elmhurst
Charter school expansions pick up amid pandemic
Charter school expansions pick up amid pandemic
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...