And then, the Red Hook we knew was gone

http://therealdeal.com/2016/06/01/thor-planning-huge-red-hook-waterfront-office-complex/

"Thor Equities may be marketing a good chunk of its New York City portfolio, but the Joseph Sitt-led firm is still planning a 623,000-square-foot office and retail development on the Red Hook waterfront.

The four-story, Norman Foster-designed complex will feature more than 600,000 square feet of office space and around 23,000 square feet of retail and restaurants, according to Bloomberg.

The project will also come with a waterfront esplanade that will be open to the public, as well as a courtyard and rooftop terraces for tenants, per plans filed with the city’s Department of Buildings."

Boom!

http://ny.curbed.com/2016/9/14/12913540/red-hook-megaproject-aecom-renderings

Not so boom. They still have to displace 50,000 residents in the Red Hook houses, easier said than done. To date, all these mega projects have worked around public housing. Annexing it and kicking out residents will be a different story.

And, as several of you predicted, this deal will not come to fruition.

https://therealdeal.com/2017/05/01/est4te-four-selling-red-hook-office-assemblage-to-sitex-for-110m/

https://therealdeal.com/2017/10/30/ups-signs-megadeals-in-bk-and-queens/?utm_source=internal&utm_medium=popular_widget&utm_campaign=posts_popular Now going to UPS.