Proposals Sought for Water St. Warehouses
Last night another meeting was held to find ways to fund the Brooklyn Bridge Park, which has an annual budget of $16M. The Post reports that the revenue from luxury condos will likely cover most of that cost, although alternatives are still being studied. But the news is that Dumbo’s Empire Stores Warehouses on Water…
Last night another meeting was held to find ways to fund the Brooklyn Bridge Park, which has an annual budget of $16M. The Post reports that the revenue from luxury condos will likely cover most of that cost, although alternatives are still being studied. But the news is that Dumbo’s Empire Stores Warehouses on Water Street will be soliciting proposals from developers. The 325,000-square feet of retail and commercial space is expected to bring in $1,075,000 of the annual revenue. The warehouses have been slated for retail before and then a performing arts venue, although both plans fell through. The winning plan will be chosen by the end of the year.
Empire Stores Park Project Finally On Track [NY Post]
Photo by Nanny in New York
Rehab, I think $16M is the ultimate annual budget at full build-out, when the park will no longer be tiny and the pier structures will need ongoing maintenance. Which is not to forget that there are people who believe the operating budget is bloated.
Wait—that tiny Brooklyn Bridge Park has an annual budget of $16 MILLION? For what? Can’t be right.
No listing on the park’s RFP page:
http://www.brooklynbridgeparknyc.org/about-us/business-opportunities
Emily – what you wrote is inaccurate. They are not now soliciting bids. What they said is that they plan to release an RFP in the spring.