Huge Watchtower sell-off seen boosting new Tech Triangle
Prime Spaces To Open in DUMBO, Enhancing A Variety of Portfolios
The Jehovah’s Witnesses’ $375 million deal to sell six key properties to big-time developers will be a godsend (pardon the pun) to DUMBO that will enable the neighborhood to play a key role in the creation of the Brooklyn Tech Triangle, real estate executives and civic leaders said.
“This will be a game-changer for DUMBO and will jump-start the Tech Triangle,” said Timothy King, managing partner of CPEX Real Estate.
“DUMBO is already maxed out,” King said. “It’s very difficult for tech firms to find any sizable footprint in DUMBO.