End is nigh for Watchtower sign: Iconic placard to come down after $340M sale

Kushner Companies, CIM Group and LIVWRK plan to turn building into office complex

TRD New York /
Jun.June 26, 2017 03:50 PM

Watchtower sign in Brooklyn

The iconic Watchtower sign, a glowing fixture over Brooklyn Heights, will soon disappear from the skyline.

Earlier this month, the Jehovah’s Witnesses filed a permit application seeking to remove the 15-foot-tall letters from the roof of the organization’s now-former headquarters. The request comes nearly a year after developers Kushner Companies, CIM Group and LIVWRK Holdings purchased the building at 25-30 Columbia Heights for $340 million.

Removal of the letters will cost an estimated $70,500, according to documents filed with the city’s Department of Buildings. The sign’s framework will remain in place, according to the application filed June 9.

The developers — who collectively go by Columbia Heights Associates — declined to comment. Representatives for the Jehovah’s Witnesses didn’t return messages seeking additional information on the sign’s future.

The sign has hovered over Brooklyn Heights for nearly 50 years. The religious organization purchased the building in 1969 from pharmaceutical giant E.R. Squibb & Sons. At the time, Squibb had its own sign on the roof.

According to the Witnesses’ website, the sign’s red neon lights were swapped for LEDs in 2009 — saving the organization some $4,000 in annual maintenance costs.

The departure of what many have described as a Brooklyn landmark is not necessarily a surprise. When the new owners unveiled plans in May to convert the building into a 635,000-square-foot office complex — dubbed “Panorama” — renderings show some sort of sign but not the iconic letters. At the time, the Brooklyn Eagle speculated that one of the building’s new tenants would secure the rights to put their own sign in the old one’s place.

In a video posted on the religious group’s website, Vernon Wisegarver, one of the group’s leaders, hinted that the sign’s time with the building was limited: “As for its future, it will probably remain with that building as long as we remain with that building.”


Related Articles

arrow_forward_ios

South Florida developers riff on the shift from condos to rentals: TRD Miami Showcase & Forum

California passes landmark rent control law

Kushner goes to Broward, buying site near Fort Lauderdale train station

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

The construction giants catching a Windy City windfall

David Marx of MDG Real Estate and the site at 71-05 Parsons Boulevard in Queens (Credit: Google Images and iStock)

Here’s a weird one: David Marx plans towers at Queens site he bought from his own company

Resi scorecard: Brooklyn and Queens condo inventory through June 2019

Special counsel Robert Mueller and the proposed Trump Tower Moscow (Credit: Getty Images/Trump Tower Moscow via BuzzFeed)

What the real estate industry should watch for in the Robert Mueller hearings

arrow_forward_ios