220 Cadman Plaza West

89 Pineapple Walk

Shareholders Vote Against Development Plans At 220 Cadman Plaza West, Brooklyn Heights

3:00 pm on January 18, 2016 By Reid Wilson

Late last year, Anbau Enterprises offered to pay roughy $75 million to demolish a single-story retail building and build a 40-story residential tower at 220 Cadman Plaza West, in Brooklyn Heights. Even after the developer increased the bid to $130 million last week, meaning a $150,000 payout for each shareholder, the shareholder residents of Whitman Owner Corp. at 75 Henry Street voted against the offer, according to the Brooklyn Daily Eagle. That means the board will not investigate the development plans and the one-story retail building along Pineapple Walk will remain as is.

220 Cadman Plaza West

Developer Offers $75M To Build 40-Story Residential Tower At 220 Cadman Plaza West, Brooklyn Heights

3:00 pm on December 3, 2015 By Reid Wilson

An unnamed developer is offering to pay at least $75 million to build a 40-story residential tower at 220 Cadman Plaza West, in Brooklyn Heights, according to the Brooklyn Daily Eagle. The offer is being made to Whitman Owner Corp. and its shareholder residents. If approved, the existing single-story commercial buildings at the site, including 89 Pineapple Walk, would be demolished. In their place, a new residential tower would have possibly hundreds of condo units as well as new retail space. Shareholders are expected to vote before January 15 on whether the board should seriously consider the offer.

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