« Housing plan Net gain for Mike | Main | WNBC Gabe Pressman Interview: Sheldon Silver »
May 21, 2005
Magic’s kingdom
The Brooklyn Papers discusses Magic Johnson's purchase of the clock tower:
With an anticipated completion date of the summer of 2006, and an already-secured broker in the Corcoran Group, Turner said the investment fund isn’t bothered that plans for new residential and office towers down the block, as part of developer Bruce Ratner’s Atlantic Yards plan, could dwarf the iconic bank building.Ratner’s plan, which includes 17 towers ranging from 110-feet to 620-feet tall, would build the new tallest building in Brooklyn only a block away at the intersection of Flatbush and Atlantic avenues. Those towers are part of the company’s plans to build a professional basketball arena and 17 office and residential towers on property emanating from the intersection of Flatbush and Atlantic avenues and stretching three block into Prospect Heights.
“I think our theory and philosophy’s always been we don’t need to be the biggest, we need to be the best,” said Turner.
Posted by amy at May 21, 2005 12:53 PM