CIM Group is pursuing a housing conversion for Brooklyn's iconic Watchtower buildings after an office redevelopment failed to gain traction. The developer is proposing nearly 700 residential units for the complex in Brooklyn Heights.
The Watchtower buildings, formerly owned by the Jehovah's Witnesses organization, have struggled to find viable commercial tenants following their previous conversion attempt. The shift to residential development reflects broader market trends as office demand remains weak across New York City.