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  1. Our selling off of the view of the iconic Brooklyn Bridge seems to have been a windfall … to Toll Brothers.

    Toll Brothers expects its bet on Pierhouse – a hotel-condo development at Brooklyn Bridge Park – to pay off in spades. The developer, which is investing nearly $39 million in the project, is projecting revenues of at least $250 million from the development, executives said during a fourth-quarter earnings call Wednesday. The homebuilding giant’s Toll Brother City Living division is developing the 106-unit Pierhouse in a joint venture with Barry Sternlicht’s Starwood Capital Group, with whom …

    http://therealdeal.com/blog/2014/12/11/toll-brothers-pierhouse-to-see-big-payday/?utm_source=rss&utm_medium=rss&utm_campaign=toll-brothers-pierhouse-to-see-big-payday