On the Hook: 5 Development Projects to Watch in Red Hook
Published on 12/16/16
1. Red Hoek Point
One of the biggest landowners in Red Hook is the O’Connell Organization (which was founded by former-New York Police Department detective Greg O’Connell, and has now been passed down to one of his sons), which has been the key player in the area for decades. But some Manhattan names are also starting to appear, too.
Like, for instance, Thor Equities.
Details about Thor’s new project, Red Hoek Point—a Foster +Partners-designed office and retail development at 280 Richards Street—are under wraps, but the company just engaged CBRE as the waterfront complex’s exclusive leasing agent.
Thor acquired the former Revere Sugar Refinery site at 280 Richards Street for $40 million in 2005, according to New York YIMBY. The 7.7-acre campus, situated close to IKEA and Fairway Market, will comprise two heavy timber frame buildings with 23,000 square feet of retail and restaurant space, and more than 750,000 square feet of creative office space on three levels. The development will be surrounded by water on three sides and have views of the Statue of Liberty and Lower Manhattan when it opens in 2019.