Vincent Viola, Trump’s first pick for Army Secretary, plans resi building at Watchtower site

The 101 apartments will replace 237 dorms

New York /
Jul.July 21, 2017 05:00 PM

Vincent Viola, the billionaire trader who was President Trump’s first nominee for Army Secretary, plans to turn a Jehovah’s Witness dormitory in Brooklyn Heights into apartments.

Viola, the CEO of Virtu Financial, purchased the property at 124 Columbia Heights last year for $105 million. According to plans filed Friday, the building’s 237 dorm rooms will be replaced with 101 apartments.

HS2 Architecture is the architect of record. Salvatore Caiola, a contractor listed as a representative for the owner, didn’t return a call seeking more information on his role on the project.

The Jehovah’s Witnesses has been gradually selling off its real estate holdings over the last few years as it prepared to move its headquarters to Warwick in Orange County. The organization started marketing the Columbia Heights site and two others in late 2015. Last year, the group
sold its headquarters at 25-30 Columbia Heights to developers Kushner Companies, CIM Group and LIVWRK Holdings for $340 million. The partners also purchased 85 Jay Street from the Witnesses a few months later for $345 million.

Trump tapped Viola to be secretary of the Army, one of the first nominations he made after his inauguration. Viola took himself out of the running in February, citing his business ties.


Related Articles

arrow_forward_ios
Wharton Properties’ Jeff Sutton with 1551-1555 Broadway
Sutton faces foreclosure on Times Square American Eagle
Sutton faces foreclosure on Times Square American Eagle
U.S. Treasury Secretary Janet Yellen
NY gets more federal rent aid — but only 6% of need
NY gets more federal rent aid — but only 6% of need
Commissioner of the Division of Housing and Community Renewal's RuthAnne Visnauskas (Getty, NY Gov)
Rent stabilization complaints piling up at agency
Rent stabilization complaints piling up at agency
Beanie Babies founder Ty Warner and 57 East 57th Street (Getty Images, MBandman, CC BY 2.0 - via Wikimedia Commons)
Owner’s feud with Four Seasons leaves Midtown hotel in limbo
Owner’s feud with Four Seasons leaves Midtown hotel in limbo
WeWork CEO Sandeep Mathrani (Getty Images, WeWork)
WeWork stock has taken a WeDive. Will it resurface?
WeWork stock has taken a WeDive. Will it resurface?
Cartier's Cyrille Vigneron and 653 Fifth Avenue (Cartier, Linkedin, Getty)
Cartier betting on appetite for luxury with US retail expansion
Cartier betting on appetite for luxury with US retail expansion
Gale Brewer (Getty, Gale Brewer)
City takes aim at landlords’ empty retail space
City takes aim at landlords’ empty retail space
SL Green chairman Marc Holliday and One Madison Avenue (Getty Images, SL Green Realty Corp)
Franklin Templeton takes 347K sf at SL Green’s One Madison Avenue
Franklin Templeton takes 347K sf at SL Green’s One Madison Avenue
arrow_forward_ios

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

Loading...