City finally acquires last parcel needed to complete Bushwick Inlet Park
‘Big win’ for park-starved North Brooklyn
Mayor Bill de Blasio announced on Tuesday that the city had finally reached a deal to acquire the 11-acre CitiStorage site on the Williamsburg waterfront, allowing it to complete the long-promised Bushwick Inlet Park.
CitiStorage site owner Norm Brodsky will receive $160 million for the parcel, a considerable improvement over the city’s last offer of $100 million, which Brodsky rejected.
Brodsky had indicated he would sell the property to a developer for office space, even as local officials pushed for the city to use eminent domain to take over the site. Sources told the New York Times over the summer that Brodsky has said he was hoping for bid closer to $325 million in an auction that ended in July.