CONDOS A GO? FOES SAY NO! (WTS property)

by DannyHaszard 7 Replies latest watchtower scandals

  • DannyHaszard
    DannyHaszard

    Condos a go? Foes say no
    New York Daily News, NY - 2 6 minutes ago
    ... Officials won't yet say how much the 450 swanky condominiums at the old Jehovah's Witnesses distribution center at 360 Furman St. will cost.

    Condos a go? Foes say no

    BY ELIZABETH HAYS [email protected]
    DAILY NEWS STAFF WRITER [email protected] news desk [email protected] opinion editor also contact curb the DUMBO neighborhood alliance http://www.curbed.com/archives/2006/01/27/dumbo_through_a_keyhole.php [email protected] email curb Brooklyn Bridge Park's first luxury condos will soon hit the market - complete with an indoor driving range and private rooftop cabanas - even as opponents gear up to file a lawsuit to stop them. Officials won't yet say how much the 450 swanky condominiums at the old Jehovah's Witnesses distribution center at 360 Furman St. will cost. Developer Robert Levine has launched an all-out marketing push for the property - dubbed One Brooklyn Bridge Park - including two large signs on the vacant building that can be seen from the Brooklyn-Queens Expressway. The move has sparked outrage from neighborhood advocates battling state plans to build 1,240 luxury condos in the park to help pay its annual $15 million maintenance costs. "This is premature," said Bob Stone of the Brooklyn Bridge Defense Fund, which expects to file the suit this spring. "It's an effort to stampede the process," Stone said. "They want to give everyone the impression that it's a done deal." Park planners argue the park was always supposed to be self-sustaining and that housing brings in the most money. Critics say private residences don't belong in a public park. "We're pursuing every legal means to prevent private housing in the park," said Defense Fund President Judi Francis. In marketing materials, Levine has trumpeted the building's "exquisite waterfront views" and "lush 85-acre park setting," a meditation room and "refrigerated storage for grocery delivery." "In addition," the materials read, "residents may purchase their own ... private riverfront cabanas." The apartments - ranging from studios to four-bedroom lofts - will be ready in about a year, a spokeswoman said. The building will be the largest of the five or six condo and hotel buildings planned for the park - though park planners have yet to say exactly how much it will bring to the park's coffers. "The public should have been told before the project was approved," said City Councilman David Yassky (D-Brooklyn Heights), who has called for the least residential development possible. Park planners said the deal is still under negotiation.

    Originally published on February 7, 2006 Related opposition links below Jehovah Witnesses Condo Conundrum--End of the World Near? ... Watchtower 'creed of greed' Jehovah Witnesses fleece the flock
  • blondie
    blondie

    Actually, the WTS no longer owns this property, sold it several years ago for a tidy sum. The foes are not fighting against the WTS but the man who bought the property.

    at the old Jehovah's Witnesses distribution center at 360 Furman St. will cost.
    Developer Robert Levine has launched an all-out marketing push for the property

    Blondie

  • DannyHaszard
    DannyHaszard

    Thank you Blondie for the clarification-Danny Haszard

  • Enigma One
    Enigma One

    It's a pretty cool development. I'm all for it. NYC always needs more housing solutions.

  • DannyHaszard
    DannyHaszard

    http://www.curbed.com/archives/2006/02/07/1bbp_riverfront_cabanas_and_pissed_brooklynites.php Details are starting to leak about developer Robert Levine's plans for the 12-story Brooklyn waterfront building he purchased from the Jehovah's Witnesses for $200 million

  • Dogpatch
    Dogpatch

    And what a view! I had a room on top of 107 Columbia Hts (penthouse) where I could see over 180 degrees including statue of liberty, entire Manhattan skyline and east river, etc. AND twin towers. The view is worth a mint!

    Randy

    http://www.freeminds.org/bethel/viewbethel.jpg

  • DannyHaszard
    DannyHaszard

    Watchtower 'creed of greed' Jehovah Witnesses fleece the flock PARK PLAN COULD NET $350M FOR PATAKI PALS
    New York Post, NY - 1 hour ago
    ... Levine's group expects to make $571.7 million through apartment sales once it converts a former Jehovah's Witnesses book plant it bought on the Brooklyn ... PARK PLAN COULD NET $350M FOR PATAKI PALS
    By RICH CALDER


    March 27, 2006 -- A politically connected development team stands to rake in $350 million or more in profits building condos in the planned Brooklyn Bridge Park. And opponents say a "sweetheart deal" between the state and developer Robert Levine and partners was the impetus for the 85-acre park relying on condo units for funding. Levine's group expects to make $571.7 million through apartment sales once it converts a former Jehovah's Witnesses book plant it bought on the Brooklyn Heights waterfront two years ago into a 441-unit luxury condo complex, according to a 2005 "memorandum of.understanding between the developer and an Empire State Development Corp. subsidiary overseeing the park project. Besides the anticipated apartment-sales revenue, Levine's building on Furman Street is actually worth another $138 million because of potential revenues from planned commercial space and parking areas to be built, according to a recent study conducted by Community Consulting Services Inc. The study says Levine's team will make more than $350 million in profits, if you deduct the $205 million purchase price of the building and estimate building renovation costs at $150 million. Project opponents say Levine's team used its influence with the Pataki administration to force the condo project into the park plan and to speed up the time-consuming, costly process of obtaining necessary zoning changes. [email protected]
  • DannyHaszard
    DannyHaszard
    Random Brooklyn Roundup: Help Yourself Edition
    Curbed - 7 hours ago
    ... Seems the developers of 360 Furman are poised to snag $350 million in profits from their redevelopment of the old Jehovah's Witness building on the park's edge ...

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