It’s going to be yuge.
The real estate company once run by Donald Trump’s son-in-law, Jared Kushner, filed highly anticipated plans for a residential building on a city-block-sized Dumbo parking lot.
Kushner Companies, along with partners CIM Group and Lvwrk, is planning to erect a 21-story tower on Jay and Front streets, Department of Buildings records show.
The project at 85 Jay Street will contain 737 apartments split among rental and condo units, with separate lobbies and swimming pools for each, according to city records. It will also include one floor of retail and a community facility.
The developers bought the massive lot from the Jehovah’s Witnesses for $345 million in December.
The religious organization convinced the city to rezone the land for housing in 2004, but never built anything there, paving the way for its current owners to construct several towers without lengthy approval processes or including community benefits like affordable housing.
Kushner — who is married to Trump’s daughter, Ivanka — has emerged as the Donald of Dumbo, buying several Witnesses properties as the group offloads its real estate and moves its operations upstate. He purchased the organization’s old printing plants in 2013 for $373 million, which he turned into trendy office complex Dumbo Heights. The White House senior advisor also snagged the organization’s old Columbia Heights headquarters for $340 million last year, and subsequently revealed plans to turn it into more swanky office space with retail.
Kushner stepped down from his role as chief executive of his eponymous real estate company in January, but has refused to divest himself from certain assests, including the office complexes.
©2017 Community News Group