The Pfizer plant in Williamsburg was the site of an eminent domain squabble back in 2008, when Pfizer sought out developers to turn the 15 acres into a mixed-use complex at the same time as State Assemblyman Vito Lopez campaigned to get the site through eminent domain. We were glued to our seats?okay, fine, we're always glued to our seats?but it all came to nothing. Until this week! Crain's and the Brooklyn Paper report that LIC-based real estate investment firm Acumen Capital Partners has purchased a piece of the property. Acumen plans to convert the empty Pfizer buildings "for light industrial and commercial use." But there's still hope for those whose hearts lie in residential real estate: the vacant lots that were being considered for housing weren't part of the Acumen sale.
· Sprawling Pfizer plant in Brooklyn sold [Crain's]
· Better than Viagra! Sale of Pfizer plant gives rise to job hopes [BK Paper]
· Pfizer coverage [Curbed]
?Photo via Flickr
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