search

The Real Deal Logo

Trending

LA court strikes down SB9 law allowing single-family lot splitsLA court strikes down SB9 law allowing single-family lot splitsTides’ original investors may be wiped out by preferred equity dealTides’ original investors may be wiped out by preferred equity dealF Street, CKO pumping $35M into distressed South Side apartmentsF Street, CKO pumping $35M into distressed South Side apartmentsLandlords to Rent Board: The Bronx will burn againLandlords to Rent Board: The Bronx will burn again
New York

Kushner’s Watchtower complex rebranded as “Dumbo Heights”

Moniker ushers in high-tech office complex with gourmet market, roof deck, bike storage

jared-kushner-and-dumbo-heights
From left: Jared Kushner and renderings of Dumbo Heights (Credit: Dumbo Heights)

The former Watchtower buildings in Dumbo are being rebranded as a high-tech office complex dubbed Dumbo Heights.

The Kushner Companies-owned buildings, purchased for $375 million last year, are in the process of being revamped to accommodate a high-tech campus with accoutrements like a gourmet market, roof deck, pet-friendly spaces, daycare facilities and bicycle storage, the New York Daily News reported.

Sign Up for the undefined Newsletter

The new monicker of Dumbo Heights, meanwhile, is aimed to appeal to “innovators” with an eye on the neighborhood, the paper reported.

“We do see this as a campus, not just a bunch of interconnected buildings,” Asher Abehsera of LIVWRK Holdings told the Daily News of the 1.2 million-square-foot complex.

Asking rents in the locale start at just under $60 per square foot, as the $100 million overhaul continues. The two-building complex is slated to open and receive its first occupants in the first quarter of 2015, according to the paper. [NYDN] — Julie Strickland

Tags
Dumbo HeightsJared Kushner