Anbau Enterprises, a high end condominium developer has improved their opening bid of $75M to $130M for the 387,000 square foot Pineapple Walk property which stretches from Henry Street to Cadman Plaza West.
The location is superb, with the Brooklyn Heights historic district to the west and a lovely park to the east.
The property is owned by The Whitman Owner’s Corp Coop at 75 Henry Street. If the shareholders accept the developers offer, they would receive between $120,000 and $260,000 each.
Anbau’s plan is to build a 40 story luxury mixed use building with Condominiums and ground floor retail shops.
Peter Brag, executive director of the Brooklyn Heights Association said that BHA recognized that Whitman shareholders had to make a “momentous decision for the community and themselves”.
Many Whitman shareholders say that the neighborhood is already overwhelmed by new area developments such as The Pierhouse Hotel – Luxury Co-op Complex in Brooklyn Bridge Park and the recently approved sale of the Brooklyn Heights Library, just south of Pinapple Walk.
According to the Brooklyn Daily Eagle the shareholders of Whitman Owner Corp. voted Friday against the sale of their property despite the possible financial benefit from the sale.
Real Estate Companies in Brooklyn as well as Real Estate Brokers and Agents in Brooklyn, stay tuned for further updates.
If you are planning to sell your Brooklyn property whether a residential property, commercial property, multifamily, mixed use, development opportunity, vacant land, coop or condominium call us. You will be very happy that you did.