How Atlas, Westbrook pulled off the St. John’s Terminal deal

Westbrook Partners and Atlas Capital Group are redeveloping the St. John’s Terminal into a 1.7 million-square-foot megaproject with more than 1,500 residential units. Last year, the partners struck a deal to pay $100 million for air rights over Pier 40 in Hudson River Park. A new investigation from DNAinfo reveals how exactly that deal went down, and what role top city officials including First Deputy Mayor Anthony Shorris and Deputy Mayor Alicia Glen played. Documents obtained … [more]

Source: Real Estate

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