Watchtower leaving Brooklyn: smart real estate move

by cabasilas 5 Replies latest jw experiences

• 

  cabasilas

  If the rumors are true that the Watchtower will be moving more and more of their Brooklyn operations upstate to Wallkill and Patterson, it will soon be the best time for them to do so as far as the value of real estate goes....take a look at this:

  http://www.brooklynbridgeparknyc.org/

  (Scroll down just a bit to see what the completed park will look like.)

  One part of this park is already done. They are now beginning work on the rest, which will run from the Manhattan Bridge down to Atlantic Avenue. Take a look at the projected park area which will run along the waters edge on the East River. Watchtower headquarters is sitting on a potential gold mine once this is completed as that real estate will go through the roof.
• 

  asilentone

  It looks very nice!
• 

  cabasilas

  Question: when the WT sold the Furman St buildings--did they do the remodel of the buildings to apartments before selling it or did they sell it as is and the new owners did the remodeling?

  I can see the old Squib complex (25 and 30 Columbia Heights) being made over into condos to go along with this playground on the East River.
• 

  stillajwexelder

  Since we all (and the WTS0 know Armageddon is not coming just yet, they can bide their time. Eventually the property and real estate prices in Brooklyn are going to continue to rise. they are making a sound business decision. In the 1980s the UK branch bought loads of property in London. Long term a great investment move - especially if you can get the loyal dubs in local congos to finance it all
• 

  Homerovah the Almighty

  The wolf covered with a sheep's wool knows how to make money, stocks , mutual funds, franchises ( kingdom halls )

  wills taken from the dieing followers and of course real estate.

  The buildings in Brooklyn made them hundreds of millions of good old US bucks.

  Prior to those sales of those buildings their total assets were above 900 million guess where they are now ?

  Its surprising how much power and money can be obtained by the marketing of God...........isn't

  The hidden agenda behind this organization was to do just exactly that, from day one !
• 

  cabasilas

  BTT to ask this question again:

  Question: when the WT sold the Furman St buildings--did they do the remodel of the buildings to apartments before selling it or did they sell it as is and the new owners did the remodeling?