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July 23, 2005

Railyard plans are detailed

From the Daily News:

Extell stressed in a statement yesterday that it "submitted a $150 million all-cash offer net to the MTA, which is three times the net amount offered by a competitive bidder."

Extell, whose tallest building would stand 28 stories, also noted that its mixed-use proposal "is less dense, lower-rise and contextual to the surrounding neighborhoods of Prospect Heights and Fort Greene." Daniel Goldstein, a spokesman for Develop Don't Destroy Brooklyn, a coalition of community groups fighting Ratner's plan, said: "Extell is offering three times as much cash, therefore they should win the bidding."

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Posted by amy at July 23, 2005 11:07 AM