The Real Deal New York

Anbau offers $130M for massive Brooklyn Heights site

Developer hopes to build a 40-story resi tower on the 387K sf parcel
January 14, 2016 10:09AM

Another huge tower may soon rise in Brooklyn Heights.

Anbau Enterprises, a NoMad-based development firm, is offering $130 million for a giant 387,000-square-foot Development Site On Pineapple Walk Between Henry Street and Cadman Plaza West in Brooklyn Heights. The site, currently home to a row of one-story retail shops, is owned by a co-op, called the Whitman Owner Corp. The group’s shareholders will vote on Friday whether or not to further investigate the offer, the Brooklyn Eagle reported.

Anbau, led by Stephen Glascock and his wife Barbara Van Beuren, hopes to build a 40-story luxury residential tower with ground-floor retail there.

The developer’s offer is a sharp increase from its opening bid of $75 million made late last year.

The project would be the latest in a string of new Brooklyn Heights luxury residential developments. David Kramer’s the Hudson Companies plan for a 36-story condo tower at 280 Cadman Plaza, formerly the site of a Brooklyn Heights library branch, was approved by the City Council in December. [Brooklyn Eagle]Ariel Stulberg