Toll Brothers and Starwood Expected to Win Pier 1 Bid


With the board of the Brooklyn Bridge Park Corporation set to vote next Tuesday on a developer to construct a hotel and condo building at Pier 1, both Crain’s and The Times are reporting that two of the seven original RFP respondents will be awarded the job as a team. “The team…will likely be made up of Toll Brothers and Starwood Capital Group, according to sources,” says the opening paragraph of the Crain’s article. The Times piece cites “an official with knowledge of the deal” saying the same thing. Earlier this year, four of the original seven suitors–Extell Development, RAL Companies, SDS Procida and Two Trees–were eliminated. That left Toll Brothers, Dermot and Starwood, and it looks like Dermot is now the odd man out. To refresh: In addition to 200 hotel rooms and 160 apartments, the project calls for 300 parking spaces as well as a 32,000-square-foot restaurant and a 6,000-square-foot spa. The seven original design proposals can be seen here.
Two Brooklyn Bridge Park Winners Eyed [Crain's]
Brooklyn Bridge Park Expected to Announce Developers of a New Hotel Complex [NY Times]
Would-be Pier 1 Developers: And Then There Were 3 [Brownstoner]
Possible Plans for Bridge Park Development Site Released [Brownstoner]

10 Comment

  • Very very strong team. Starwood is now partner in 470 Vanderbilt, the largest and latest warehouse conversion to office, and Toll is well,
    Toll.

  • Very very strong team. Starwood is now partner in 470 Vanderbilt, the largest and latest warehouse conversion to office, and Toll is well,
    Toll.

  • They will need more than 300 parking spaces.

  • If I’m reading the times article right, it looks like the combined project went with the Rogers marvel design. Can anyone confirm? Has anyone seen the final rendering?

    I thought the original toll/Rogers marvel design was middle of the pack. Though definitely better than starwood’s design.

  • Bummer.

    I don’t want anything built there, just park greenery would have of been nice.
    But God forbid there should be a spec of land that doesn’t have a condo on it.

    Only good thing is it will shield the noise from the BQE.

    But then on the other hand, who would buy a condo facing the elevated BQE?????

    But, I will be optomistic, maybe it will all look nice.

    BBP is totally awsome, I think brooklyn has better things than manhattan

    yay brooklyn

  • The development lot is close to the BQE, but not adjacent. Also, I bet the views will be stunning like in 1BBP even for the Brooklyn Heights facing side.

  • Of all the plans submitted, only the Starwood plan had a decent approach to the ground plan – it had a limited amount of use on the ground floor and gave the most back to the public I hope they kept that. Can’t say I care that much for the Rogers Marvel approach.

  • Of all the plans submitted, only the Starwood plan had a decent approach to the ground plan – it had a limited amount of use on the ground floor and gave the most back to the public I hope they kept that. Can’t say I care that much for the Rogers Marvel approach.

  • The buildings will shade Pier One from the BQE noise, but bounce it back at the buildings on Columbia Heights. Also, likely new building would violate view plane which prevented construction below the Promenade from obscuring views of the Brooklyn Bridge since Promenade construction more than 60 years ago. Now we know how treaties with native Americans were maintained.

  • The buildings will shade Pier One from the BQE noise, but bounce it back at the buildings on Columbia Heights. Also, likely new building would violate view plane which prevented construction below the Promenade from obscuring views of the Brooklyn Bridge since Promenade construction more than 60 years ago. Now we know how treaties with native Americans were maintained.