Several heavy-hitting developers tossed in their bids for a seat at the proverbial table since the call for proposals was announced in September. Notable names include: Jamestown Properties (behind Chelsea Market and Milk Studio), Two Trees (developers of the Domino Sugar Refinery site) and Midtown Equities (currently a front-runner for the winning bid) among others. Each of them was tasked with the objective of restoring the seven connected warehouses while preserving the integrity of each structure.
Development of the derelict warehouses would mean millions of dollars in revenue each year for Brooklyn Bridge Park—a welcomed benefit for Regina Myer, president of the park, which would also mean more money for park operations and maintenance. Myer is looking to grant the winning proposal a 99-year lease under which developers will have open reign to transform the five-story, 327,000 square-foot space.
For a look at each proposal, click through our gallery here.
Via Arch Paper