Developer’s offer for Brooklyn Heights’ Pineapple Walk property increases dramatically
75 Henry St. shareholders hear more details of proposal
In a private meeting Monday night, shareholders of the Whitman Owner Corp. co-op at 75 Henry St. in Brooklyn Heights learned that a developer has upped its offer for a strip of shops along brick-lined Pineapple Walk.
Anbau Enterprises, which develops and invests in luxury residential properties, raised its opening bid from roughly $75 million to a whopping $130 million for the 387,000-square-foot parcel, which runs from Henry Street to Cadman Plaza West.
Anbau proposes to raze the current low-rise shops and build a 40-story luxury tower with ground-floor retail on the site.