All alongside the previous Watchtower web site, CIM Group is eyeing a whole lot of housing items, together with a big patch of the reasonably priced variety.
CIM is proposing turning the previous Jehovah’s Witnesses headquarters web site in Brooklyn Heights right into a 661-unit complicated, Gothamist reported. Particulars of the proposed rezoning of the waterfront web site stay sparse, however there can be 165 reasonably priced items within the undertaking.
The Watchtower web site consists of 5 buildings at 25 and 30-58 Columbia Heights. The buildings previously served because the headquarters for the non secular group, however have largely sat vacant since they had been bought a decade in the past.
CIM bought the location from the Jehovah’s Witnesses for $340 million in 2016, one of many largest offers within the borough’s historical past on the time. CIM was joined within the deal by LIVWRK and Kushner Corporations, however the latter pulled out of the event web site in 2018, in line with Brownstoner, and CIM seems to be going it alone shifting ahead, Crain’s beforehand reported.
The positioning was as soon as recognized for the long-lasting “Watchtower” signal that stood above the campus, however it was torn down a number of years in the past. CIM harbored plans for a media production facility as a part of the repositioning of the location a few years in the past, however this seems to be one other swap.
The rezoning software requires additional assessment from Brooklyn Neighborhood Board 2, the borough president and Metropolis Council earlier than shifting ahead. A public scoping assembly is being held by the Division of Metropolis Planning on Thursday.
The Jehovah’s Witnesses spent many years unloading their huge Dumbo and Brooklyn Heights holdings after shifting headquarters upstate. In November, Midtown-based Hubb Properties paid $85 million for 181 Front Street, a 12-story, 105-unit condominium constructing in Dumbo that after belonged to the group, however was bought by the Carlyle Group.
Final summer season, CIM and Osiris Ventures purchased 190 Berry Road from Rudy Gabsi’s LENY for $55.7 million out of chapter.
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