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New York

Dermot Co. to develop historic Battery building

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The Economic Development Corporation selected the Dermot Company and restaurateurs the Poulakakos family to develop Lower Manhattan’s historic Battery Maritime Building. The $110 million project will result in the creation of a food marketplace, boutique hotel and rooftop restaurant at the 1909-vintage Beaux-Arts building, which was a terminal for ferries traveling between Brooklyn and Manhattan in the first half of the 20th century. The EDC recently spearheaded a $60 million renovation of some of the building. TRD