DEVELOPER LOOKS TO BUY CITY-OWNED DEVELOPMENT RIGHTS FOR MIXED-USE TOWER IN DUMBO

A local development group is looking to buy up the city-owned development rights under the Manhattan Bridge to erect a 26-story tower that would house both luxury apartments and office space on Adams Street, which a city rep says would bring more than 400 jobs to the area.

“The transaction will produce job-generating commercial offices in Brooklyn, an outer-borough business district,” said Christina Rausch, a rep for the city’s Economic Development Corporation, which is overseeing the project. “As we look forward to recovery from the public health crisis, it’s really important to plan for jobs that are close to where people live.” Read entire story: https://www.brooklynpaper.com/developer-looks-to-build-26-story-luxury-apartment-and-office-tower-in-dumbo/