After years of trying, City Hall finally reached a deal Monday to buy the former CitiStorage site on the Williamsburg waterfront from developer Norman Brodsky for $160 million.
The de Blasio administration had bid $100 million in June with plans to turn it into a public park, but Brodsky rejected the offer. “Good start but they need to get to fair value,” he told DNAinfo at the time. Instead, he hired Cushman & Wakefield’s Paul Massey to sell the 11-acre site to a developer.
It wasn’t immediately clear if any talks with potential buyers were held. Massey did not immediately respond to a request for comment.
The Bloomberg administration designated the site at 11 North 5th Street as a public park over a decade ago, and its successor de Blasio has faced local pressure to follow up on the plan.
In January 2015, a fire destroyed one of two records-storage warehouses occupying the site. Shortly after, Brodsky announced plans to sell the site for as much as $500 million.
In a Tuesday statement, de Blasio lauded the deal as a success for his administration.
“When we commit to build a new park or a new school in a growing community, we deliver,” he said. “We look forward to working with local officials, activists and residents as we design and build a Bushwick Inlet Park we can all be proud of.” — Konrad Putzier