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JW.org - Witnesses Sell One of Brooklyn’s Largest Undeveloped Sites, 85 Jay Street


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https://www.jw.org/en/news/releases/by-region/united-states/sale-real-estate-20161220/

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Witnesses Sell One of Brooklyn’s Largest Undeveloped Sites, 85 Jay Street

 

On Tuesday, December 20, 2016, Jehovah’s Witnesses sold 85 Jay Street to an investment partnership led by Kushner Companies, CIM Group, and LIVWRK. Spanning an entire city block in the burgeoning Dumbo neighborhood in Brooklyn, the parcel comes with close to one million square feet (92,903 sq m) of mixed-use development rights.

 

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Brooklyn Eagle Report

85-jay-st.jpg?itok=KCsQ-Q7-&c=09b81311fc

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On Tuesday, Jehovah’s Witnesses sold 85 Jay St. to an investment partnership led by Kushner Companies, CIM Group and LIVWRK. Spanning an entire city block in burgeoning DUMBO, the135,000-square foot development site, currently a parking lot, comes with 1.1 million square feet in as-of-right development rights.

 

**********************

Please do not post entire articles from jw.org.

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Edited by rocket
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I didn't post an entire article from either of the sources I included.No grinning.gif

 

I posted one paragraph from the JW.Org  source and just a small portion of the Brooklyn Eagle source.

11 minutes ago, Friends just call me Ross said:
Quote

Please do not post entire articles from jw.org.

See Forum policy for more info

 

 
Edited 1 minute ago by rocket

I also checked to make sure no one else had posted this news article, before I posted it.

I didn't see this 21 hours ago.  It just 'suddenly' popped up, after I posted.^_^

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Ross...I am glad you posted the above photo...not only does it define the property...(the parking lot)...but

you get to see a lot of the surroundings, that make up the area where Bethel was located....all and all...a real

good picture...oh, I forgot...like the river in the background too!:)

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13 hours ago, marcusth said:

Kushner ...... - Donald Trump's son-in-law is still buying more of our property then!

  “85 Jay St. has long been the hole in the Dumbo doughnut."   ...   not just Police, but Politicians like them too - look out Dunkin' you have competition in Brooklyn!

 

"The acquisition comes on the heels of the partnership's August purchase of 25-30 Columbia Heights, the historic Brooklyn Heights headquarters of the Witnesses, from Watchtower Real Estate. The 739,000-square-foot property set on 2.3 acres includes five addresses: 25, 30, 50 and 58 Columbia Heights and 55 Furman St."

 

"Another DUMBO Watchtower development site was recently sold, namely 69 Adams St., for $65 million. 

Brooklyn native Vincent Viola, Trump's pick for secretary of the Army, also bought an important Watchtower property earlier this year."

 

...    2016 were some of the last remaining major sales  -  so how many more properties are left to sell?   ...   can't be too many left, eh?

Edited by timpin
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Screen_Shot_2016_12_21_at_11.43.50_AM.pn         

The site is behind the fencing.

 

http://ny.curbed.com/2016/12/21/14039560/jared-kushner-jehovahs-witnesses-dumbo-sale-85-jay-street  

 

"massive parking lot at 85 Jay Street, which closed this week with a jaw-dropping ask of $345 million"

 

 

...   please check my math, but after every thing has been said and done, I believe as a group they have shelled out over ONE BILLION $$$

Edited by timpin
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