July 2017

Florida Developer Purchases in Brooklyn

A building in Brooklyn which was the property of Jehovah’s Witnesses was sold to a developer based in Florida, the Wall Street Journal reported. The developer, Kayne Anderson, paid $200 million for the 16-story apartment building located in Brooklyn Heights. The developer renamed the building The Watermark at Brooklyn Heights, whereas it was previously known as the Towers. The plan is to convert the 295-unit residential building to a luxury senior housing with 300 units….