CitiStorage Site for Sale

Sleep-In Planned at Bushwick Inlet Park

Williamsburg-Greenpoint Patch
July 7, 2016

Brooklyn businessman Norm Brodsky has shown no interest in adding his waterfront property to the green space. Activists are fighting back.

WILLIAMSBURG, BROOKLYN — Local activists, along with at least one Brooklyn legislator, are planning to sleep on the street at the corner of land owned by Williamsburg businessman Norm Brodsky this Saturday — all in the hope of pressuring him to sell his waterfront parcel to the city, so it can be added to Bushwick Inlet Park.

Brodsky has shown no public interest in accepting the city’s officer.
To the contrary, realtors with Cushman & Wakefield recently rolled out a website, 1n11th.com, pitching Brodsky’s land as a major development opportunity in one of the city’s most desirable neighborhoods.

Brodsky, the founder of CitiStorage, owns the land west of Kent Street between N. 10th Street N. 11th, as well as two parcels between N. 11th and N. 12th.

In June, the city offered him $100 million for the property, with the aim of adding it to Williamsburg’s existing Bushwick Inlet Park.

The creation of a 27-acre park was promised to Williamsburg’s residents in 2005 in a redevelopment deal approved by then-Mayor Michael Bloomberg and the New York City Council.

To that end, the city has already purchased the land west of Kent between N. 12th and N. 15th.

If Brodsky’s parcels are added, the full-sized park would be realized. If not, the (smaller) park would be divided in two.
But Brodsky quickly rejected the city’s offer, according to the Brooklyn Paper. A real estate trade publication pitched his land for $300 million.

Original post.

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