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Real estate investment firm LIVWRK Holdings is in contract to buy an industrial building in Red hook for $21,500,000, which it plans to convert into offices and “creative spaces,” The Real Deal reported. The renovated property should be ready for move-in by mid-2015, the firm estimated.

Located right at the entrance to the Brooklyn Battery Tunnel, 160 Van Brunt Street has 98,650 square feet and is two stories high. A bidding war drove the price past the $19,700,000 ask.

LIVWRK Holdings is also working on similar projects for two buildings in Gowanus and is a partner with Kushner Companies and RFR Realty in the $375,000,000 parcel of Jehovah’s Witnesses properties in Dumbo.

What do you think of their plans for the building?

LIVWRK Inks $22 Million Contract for Red Hook Conversion: Sources [TRD]
Photo by Kate Leonova for PropertyShark


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