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NYT: Jehovah’s Witnesses’ Brooklyn Headquarters for Sale

The sale of the group’s headquarters, along with two other properties
owned by the Witnesses, has the potential to bring in $1 billion.
[...]
The prize, perhaps, is 85 Jay Street, at present a parking lot of roughly three acres. Directly across the street from the York Street subway stop, a main gateway to Dumbo, it comes with nearly a million square feet of development rights. The mixed-use site is “as-of-right,” which means that it is not subject to a public review process.
[...]
I wonder, could we be in for a single large tower like One Manhattan Square, planned just across the River by Extell?
 

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some big names are gunning for this oppurtunity http://therealdeal.com/2016/02/16/v...s+(The+Real+Deal+-+New+York+Real+Estate+News)

The city’s biggest office landlords – and just about everyone else – are set to bid on the Jehovah’s Witnesses’ slate of massive Dumbo and Brooklyn Heights properties.

Vornado Realty Trust TRData LogoTINY, Silverstein Properties, L&L Holding and Taconic Investment Partners are all among the Witnesses’ suitors, requesting detailed statements about the properties and signing confidentiality agreements, Bloomberg reported, citing sources familiar with the discussions.

Dozens of other firms based in the US and abroad are also inquiring, including the likes of Megalith Capital Management and Alloy Development.
 

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Development Team to Buy Jehovah’s Witnesses’ 11-Story Headquarters at 25-30 Columbia Heights, Vacant Site at 85 Jay Street



RFR Holding, LIVWRK, and Kushner Companies are preparing to enter into contract to purchase the 11-story, 733,000-square-foot office complex at 25-30 Columbia Heights, in Brooklyn Heights, in addition to the vacant full-block, 135,000-square-foot development site at 85 Jay Street, in DUMBO, from the Jehovah’s Witnesses. The team of developers are paying $700 million for the properties, according to the New York Post. 25-30 Columbia Heights, which is commonly called the “Watchtower,” is the organization’s current headquarters. It could possibly be turned into a commercial hub, similar to how the same developers converted the former Jehovah’s Witnesses properties at 81 Prospect Street into offices back in 2014. As for 85 Jay Street, the site has been long approved for roughly 1.1 million square feet of development. That’s as many as 700 to 1,000 residential units, which could boost the neighborhood’s population by a third, Brownstoner reported a few months ago.
 

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