Jul
14
Heritage Equity Wins Go-Ahead for Brooklyn Mixed-Use
ByThe 480,000-square-foot pilot project in Williamsburg just obtained two critical authorizations.
25 Kent, Brooklyn, New York City, rendering
New York—Approval by the New York City Council Subcommittee on Zoning and Franchises? Check. Approval by the Committee on Land Use? Check.Heritage Equity Partners and Rubenstein Partners are moving closer toward kicking off development at 25 Kent. The 480,000-square-foot mixed-use project in the Williamsburg area of Brooklyn has just obtained critical authorizations for the office and industrial development from the two city agencies.
More than a few local leaders are throwing their backing behind Heritage and its partner. “We’re very excited and grateful for the support of elected officials working on this for over three years,” Toby Moskovits, CEO of Heritage Equity Partners, told Commercial Property Executive. “25 Kent is described by the City as a pilot project, including both office and light manufacturing, and hopefully it will encourage others to follow in our path and increase the stock.”…
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