starwood capital group – Brooklyn Bugle

Starwood & Toll Brothers Chosen to Develop Hotel & Residential Near Pier One

June 19, 2012

As anticipated, Mayor Bloomberg’s office announced today that the proposal for a hotel and residential complex on the space between Furman Street and Pier 1, Brooklyn Bridge Park submitted by Starwood Capital Group and Toll Brothers has been selected. The image (thanks to Curbed) shows how the buildings will look from the Promenade. As you can see, they will partially obstruct the view of the Brooklyn Bridge and largely obscure the view of Pier 1.

According to the Curbed article linked above, the hotel will have 200 rooms and the residential portion will have 159 units. The article also quotes from the Mayor’s press release:

The proposed building plan will feature nearly 16,000 square feet of restaurant space, 16,000 square feet of banquet and meeting space, 2,000 square feet of retail space, a 6,000-square-foot spa and fitness center and 300 parking spaces. It also includes park restrooms as well as maintenance space for park operations.

The hotel will be named Hotel 1.

Source: Brooklyn Heights Blog
http://brooklynheightsblog.com/archives/42634

From the Web

Brooklyn Heights, DUMBO

First Look At Brooklyn Bridge Park’s Hotel/Rez Complex

June 15, 2012

The Brooklyn Bridge Park Corp. is expected to vote Tuesday June 19 on which developer will be awarded the contract to build the controversial BBP hotel and residential complex next to Pier 1 near DUMBO, as mandated by NYC Mayor Bloomberg to fund the future of the park.

Curbed refers to reports in The New York Times and Crain’s that favor Toll Brothers and Starwood Capital Group. Those companies have combined forces to offer a hotel comprising 200 rooms, with a 160-unit condo complex. There will also be 32,000 square feet of restaurant & banquet space, a 6,000-square-foot spa and 300 parking spaces. Under the development guidelines for the park, the hotel and connecting residences cannot exceed 100 feet in height, while a separate residential building can’t be more than 55 feet tall.

In addition, three more apartment buildings—one at John Street and two next to Pier 6—are planned for the park. The project, which would begin construction in 2013 and open in 2015, claims that it will generate $119.7 million in rent and other payments. It is conceivable that the multi-use residential and commercial complex will be complete long before the park itself.

Source: Brooklyn Heights Blog
http://brooklynheightsblog.com/archives/42452