The 122-acre property in Red Hook presents an attractive opportunity for developers to transform an industrial area into a vibrant residential neighborhood, but also faces pushback from those who advocate for maintaining the working waterfront.
Mike Stamatis, the chief executive of Red Hook Terminals, remarked, "This view here is a curse... if I'm a commercial real estate developer, there would be very few other places that I'd want to reimagine and create a new development."
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