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Watchtower Sale May Mean Fewer Condos for Brooklyn Bridge Park

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The creation of additional housing at Brooklyn Bridge Park has been a source of strife practically since the park's long-term plan called for condos to pay the park's $16 million/year operating budget in the first place. But our long Brooklyn nightmare is almost over: city and state officials are set to sign an agreement today formalizing the plan for some private housing at the park (in addition to One Brooklyn Bridge Park, of course). And by "some" housing we mean less than originally planned, but more than condo opponents probably wanted.

The John Street building will definitely go ahead?the housing plan's two opponents, State Senator Daniel Squadron and Assemblywoman Joan Millman, have agreed to give up their veto power?but it will be smaller than the 130-unit, 16-story structure that's been proposed.
And the two buildings planned for the Pier 6 side of the park?one 290-unit condo and one 140-unit condo?might not need to happen at all, thanks to the Watchtower buildings. For every square foot of those buildings that is rezoned residential and sold, the size of the condos at Pier 6 will be reduced, the Times explains. The sale must happen by January 1, 2014, or an RFP will be released for Pier 6 condos.
· Housing Deal for Brooklyn Bridge Park [NYT]
· Brooklyn Bridge Park coverage [Curbed]

Brooklyn Bridge Park - Pier 6

Pier 6, Brooklyn, NY 11201