No longer ‘Vatican City’ for Watchtower, Brooklyn watches Jehovahs retreat
Eye On Real Estate: Slope Backyard Wars Fought Over Precious Light and Air
All along the Watchtower…real estate investors are keeping their eyes peeled.
Office and residential developers are waiting to see when the Jehovahs Witnesses will bring their next Brooklyn Heights and DUMBO properties to market now that they’ve finalized the sale of five DUMBO industrial buildings to the Kushner Cos. and RFR.
They have 16 unsold properties – but the clock is ticking. In 2017, they expect to finish building their new headquarters in upstate Warwick, where they are relocating, executives said last week.
The Brooklyn market is “super-hot” and “competition would be huge” for the remaining Watchtower properties, real estate executives told the Brooklyn Daily Eagle.