Hotel at Brooklyn’s Pierhouse for sale? Conflicting reports
BHA: Sale may impact need to build Pier 6 towers
The controversial Pierhouse hotel/condo complex in Brooklyn Bridge Park is not yet completed, but a report of a possible sale of the hotel portion of the mega-structure has raised questions in Brooklyn Heights.
The Real Deal reported on June 23 that Starwood Capital Group has put 1 Hotel Brooklyn Bridge, the taller, hotel portion of the complex, up for sale. Selling now would allow the firm to “capitalize on the market and focus on third-party management,” sources told The Real Deal.
One concern of residents of Brooklyn Heights is the possibility that, once sold, the hotel units could be converted to condos, increasing the number of permanent residents and adding more stress to area schools, roads and other infrastructure.