New Developments in the News
SEPTEMBER 20, 2010
A new rental residence will be Brooklyn’s tallest tower; a new offer may be on the table for Stuy Town tenants
AvalonBay Communities—the “lifestyle rental” brand behind the Avalon buildings on the Lower East Side of Manhattan and several more currently in construction in Brooklyn—will be building a new rental residence on Willoughby Street between Bridge and Duffield Streets in downtown Brooklyn. The 58-story, 860 unit tower–to be christened Avalon Willoughby West–will be the tallest building in the borough, an honor currently held by The Brooklyner, another rental tower.
Representatives of Pershing Square Capital Management and Winthrop Realty Trust have contacted members of the Stuyvesant Town and Peter Cooper Village tenant association to propose an alliance that would give tenants substantial rights and equity—as much as 50 per cent ownership—in the process of converting the complex into a co-op. Mortgage holders and other investors are still awaiting a decision by the State Supreme Court regarding who has control of the complex in the near term.
ALSO IN NEW YORK CITY INSIDER
- 30 Park Place Vs. The Baccarat Hotel and Residences - JUL 8, 2014
- This Week in NYC Living - JUL 1, 2014
- Notable NYC Neighbors - JUN 26, 2014
- Great NYC Buildings: New in the Heights - JUN 23, 2014
- Notable NYC Neighbors - JUN 20, 2014
- Notable NYC Neighbors - JUN 17, 2014
- Building Vs. Building - JUN 9, 2014
- Notable NYC Neighbors - JUN 6, 2014
- Notable NYC Neighbors - MAY 23, 2014
- Notable NYC Neighbors - MAY 15, 2014
- Great NYC Apartment Buildings: 12 East 13th Street vs. 22 Central Park South - MAY 13, 2014
- Notable NYC Neighbors - MAY 7, 2014
- Notable NYC Neighbors - MAY 1, 2014
- Upping the Architectural Ante in NoHo - APR 22, 2014
- Great NYC Buildings: Brooklyn's Gold Coast Living - APR 15, 2014
- Notable NYC Neighbors - APR 11, 2014
- Building vs. Building - APR 10, 2014
- Notable NYC Neighbors - APR 2, 2014
- This Week in NYC Living - APR 1, 2014
- Notable NYC Neighbors - MAR 26, 2014
- View Articles By Date