The Real Deal New York

ConEd sites in Williamsburg are now for sale

The three parcels could give way to about 1.5M sf of development
April 30, 2018 05:00PM

Con Edison’s Williamsburg site (Credit: Google)

Consolidated Edison is finally putting its long-coveted development sites on the market in Williamsburg.

The three waterfront lots on River Street, together 3.2 acres just north of Two Trees Management’s Domino Sugar redevelopment, were used by Con Edison to store oil between 1984 and 1997, Crain’s reported.

Cushman & Wakefield has the listing. A development of 1.5 million square feet could be built on the site, said broker Stephen Palmese.

Last year, Simon Dushinsky and Isaac Rabinowitz’s Rabsky Group bought a separate waterfront site from Con Edison on Kent Avenue for $50 million. [Crain’s] — Will Parker