Warehouses have $94m price tag.
Calling Red Hook Red Hook can refer to: - Red Hook, Brooklyn, a neighborhood in Brooklyn, New York, USA
- Red Hook, New York, a town in Dutchess county in the State of New York, USA
- Red Hook (village), New York, a village in the Town of Red Hook, New York, USA
the next Tribeca, Eastern Consolidated chairman
and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Peter Hauspurg is marketing an ownership interest in a pair of
six-story industrial buildings across from the area's new cruise
terminal that he says are ideally suited for retail, residential and
hotel development. Roughly 480-foot by 80-foot apiece, dimensions that
maximize their frontage along the water, the buildings are owned by real
estate investor A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit. , Bruce Batkin, who is seeking to recapitalize both by
adding a joint venture partner. Batkin indicated that he hadn't
specified the size of the ownership stake he was seeking to sell and
would consider different offers.
The deal highlights Red Hook's ongoing emergence as an area
rife with both commercial and residential development, and the higher
property prices that have been spurred by the demand from developers and
residents eager to be in the neighborhood. Hauspurg's firm has
estimated the two vacant warehouses are worth around $94 million.
According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. Batkin, one of the buildings has already been rezoned
to allow for residential use and he is soon planning to begin work to
convert the property into 150 luxury condos units with ground level
retail space. The buildings sit just across from piers 11 and 12,
docking points for a number of luxury ocean liners, including the
gargantuan gar·gan·tu·an
adj.
Of immense size, volume, or capacity; gigantic. See Synonyms at enormous.
gargantuan
Adjective
huge or enormous [after Gargantua, a giant in Rabelais' Queen Mary 2 just a few weeks ago. Batkin is planning a hotel
in the second building
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