Spitzer Engineering, now operated by former NY governor Eliot Spitzer, has filed permits for its new plans for a development at 420 Kent Avenue in the Williamsburg section of Brooklyn. It is the site of a former Kedem Winery.
What is one to do when you are a disgraced former governor of a major U.S. State who could not even win a primary race for an insignificant New York City position when attempting a comeback? Add to that having been fired from two different news networks from your job as a political commentator.
You go back into the family business which is what Spitzer has done.
The Spitzer’s company is flush with cash right now having just sold Manhattan’s Crown Building – in which it owned a majority — which went for a total of $1.75 billion. It will be putting that money to good use in new developments like this one in Brooklyn.
The new housing project will consist of two towers, one 18 and one 22 stories high. They will hold 270 apartments totaling 311, 224 square feet of residential space with an additional 2, 000 square feet of retail space.
The development site is located along the East River, two blocks south of the Williamsburg Bridge, on 2.8 acres of land.
Spitzer reportedly acquired the location last summer for $165 million.