North Brooklyn is celebrating a major victory today as the city announced the $160 million purchase of the contentious CitiStorage site from owner Norm Brodsky, which will expand Bushwick Inlet Park by approximately 7.5 acres. Mr. Brodsky turned down the city’s initial $100 million offer and was allegedly negotiating with private developers.
Compare the city-wide average of 158 square feet of open space per person with North Brooklyn’s 26 square feet of open space per person and it’s easy to see why the Friends of Bushwick Inlet Park began organizing in 2015 to pressure the city to acquire the land. Actions to hold the city government to its Bloomberg-era promise of saving the land for a public park intensified following a massive fire at the CitiStorage site in Jan. 2015.
“We look forward to working with local officials activists and residents as we design and build a Bushwick Inlet Park we can be proud of,” Mayor de Blasio said in a statement Tuesday morning. Continue reading →
Ok Greenpointers, we really need to step up our game. In the months since CitiStorage mysteriously went up in flames,we were warned that our promised 28 acre park was in jeopardy of getting turned into more luxury towers. Sadly, that day of reckoning is near.
According to a recent Crain’s article, CitiStorage owner Norman Brodsky , (the man seen twirling his pinky ring in the photo below) is optioning off his 11 acre land to not one but TWO developers so they can built more luxury apartments and a whole lot of equally pricey commercial space.
According to Mr. Brodsky, his phone has been ringing off the hook these days with offers as high as $250 million dollars despite the 11 acre property’s current zoning restrictions. If that number weren’t enough to make your eyes bleed, this $250 million dollar price tag is only half of it according to Brodsky, who just a few weeks ago touted the value of his land to be worth a mere half a BILLION dollars.