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TONIGHT: Cadman Plaza West residents will discuss proposed Pineapple Walk tower

The Brooklyn Paper
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Tenants of a Cadman Plaza West co-op building will host a public forum on Wednesday night to urge residents of a neighboring building to turn down a lucrative offer to sell part of their property to developers, who want to build a 40-story tower and shopping complex there.

An unnamed developer is offering residents at 75 Henry St. $75 million for the slice of land on Pineapple Walk — which includes beloved Park Plaza Restaurant, pet store, toy store and grocery store. Owners at the co-op would stand to make between $120,000 to $260,000, depending on the size of their digs, if they decide to accept the offer.

But residents of neighboring Cadman Towers — and even some 75 Henry St. dwellers — think a new high-rise will ultimately devalue both properties and ruin their views.

Henry St. residents have until Jan. 15 to vote. A majority “yes” vote would mean the co-op board would continue negotiating with developers, and also accept offers from competitors.

Public meeting at Cadman Towers community room (101 Clark St. at Henry Street in Brooklyn Heights). Jan. 6 from 7:30 –8:30 pm.

Reach reporter Lauren Gill at lgill@cnglocal.com or by calling (718) 260–2511.
Posted 1:13 pm, January 6, 2016
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