The Real Deal New York

Developers jostling for a piece of Brooklyn Bridge Park

June 10, 2013 08:30AM

Several big-name developers are clamoring for the right to develop three separate sites at Brooklyn Bridge Park, Crain’s reported.

Ten teams of top retailers and builders – including Jamestown Properties and Two Trees Management — have submitted plans to create a commercial hub just north of the Brooklyn Bridge at the former Empire Store warehouses. Another site four blocks east has attracted 11 developers hoping to build a residential tower with up to 130 units. The developers for both sites will be chosen by Labor Day, Crain’s said.

Meanhwhile the Jehovah’s Witnesses, the area’s largest landlord, is also making a push to unload several of its biggest properties, which have attracted the likes of the Related Companies. Properties on the block include the 400,000-square-foot 55 Furman Street, a bunch of warehouses encompassing 700,000 square feet at Pearl Street, and two massive parking lots that could allow for over 1.5 million square feet of new development.

“It certainly seems like we’ve created a place they’re all interested in investing in,” Regina Myer, president of the city entity known as Brooklyn Bridge Park, told Crain’s. [Crain’s]Hiten Samtani