Watchtower Watch: DUMBO buildings sold to Kushner Cos. and RFR will have “residential component,” Real Deal reports
The DUMBO Watchtower buildings that developers Kushner Cos. and RFR bought for $375 million last year to turn into offices for techies and creative types will include a “residential component,” The Real Deal reported in a profile on Jared Kushner.
The story about the 33-year-old Kushner Cos. CEO doesn’t specify which buildings in the complex will contain housing. Previously, real estate sources speculated to the Brooklyn Eagle that a hotel at 90 Sands St. will get a residential makeover – but didn’t know if residential use is planned in the other five buildings on Prospect, Adams, Sands and Pearl streets which were the Witnesses’ Bible-printing plants.
Invesco, the real estate investment firm that joined in the purchase, raised questions about his father Charles Kushner’s “jail time” during its due diligence, the story also reveals.