New Owners Buy High-Profile Mixed-Use Development Site at 85 Jay Street, DUMBO

85 Jay StreetVacant 85 Jay Street. Photo by Barbara Eldredge for Brownstoner

Kushner Companies, LIVWRK, and the CIM Group have closed on the purchase, for $345 million, of the 135,000-square-foot development site at 85 Jay Street, in DUMBO. The full-block¬†property, currently vacant, could accommodate up to 1.1-million¬†square feet of mixed-use development, the New York Post reported. The new owners plan to develop the site within current zoning laws. A project “with mixed uses” is planned, although plans are very preliminary. It was reported earlier that the site could host as many as 1,000 residential units. The team is in the process of hiring architects and consultants.

7 Comments on "New Owners Buy High-Profile Mixed-Use Development Site at 85 Jay Street, DUMBO"

  1. Looking forward to it being developed.

  2. This is going to be a huge strain on an already over crowded F train. This needs to be taken into account

    • Well, then build more transit infrastructure. The state/city is about to spend billions fixing up the highway right next to this very same site.

  3. Scam, scam, scam. The JW’s are a bunch of scammers. They never intended to build on the parking lot but rallied their church members to vote in mass for Mayor Mike in consideration for him to grant a variance to build upwards of 1,000,000SF on the subject site. Now, they disappear into the wilderness of Upstate New York with a $1,000,000,000 in tainted money. I guess they can’t celebrate birthdays, but they can celebrate a good scam.

  4. For the whole duration of the action on development, I can find the start of pronounced into DUMBO.

  5. Ryan Shame on you !!! for this piece of false PRESS .. everyone KNOWS THAT Jehovah’s Witnesses DONT vote! So what’s in it for Mayor Mike? You are either a Liar or misinformed!

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