Toll Brothers, Starwood To Develop Brooklyn Bridge Park

Law360, New York (June 19, 2012, 3:45 PM ET) -- The executive board responsible for planning and maintaining Brooklyn Bridge Park has tapped Toll Brothers Inc. and Starwood Capital Group to develop a 550,000-square-foot luxury hotel and condominium project next to Pier 1, the parties announced Tuesday.

The new development will include a 200-room hotel under Starwood's 1 Hotel brand and 159 condominium units under the Toll Brothers City Living brand, according to the developers, whom the Brooklyn Bridge Park Corp. selected from a pool of seven in a Tuesday vote. The developers originally had competing...
To view the full article, register now.