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ARTICLE · 22 JUNE 2015

Brooklyn Bridge Park's Pierhouse Project Continues Construction

Herrick, Feinstein LLP
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Last week, a judge ruled to allow our clients Toll Brothers and Starwood Capital Group to continue construction of the Pierhouse, a $320 million hotel and condominium complex in Brooklyn Bridge Park.

United StatesReal Estate and Construction
Scott Mollen
Scott Mollen
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Last week, a judge ruled to allow our clients Toll Brothers and Starwood Capital Group to continue construction of the Pierhouse, a $320 million hotel and condominium complex in Brooklyn Bridge Park.

The decision is important for real estate developers, investors and lenders, because it holds that the four-month statute of limitations for challenging administrative determinations cannot be circumvented by couching a complaint as a declaratory judgment action. A contrary ruling would have paved the way for legal challenges to be made long after government approvals have been obtained for a development project. This would have been detrimental to developers, investors and lenders who rely on such approvals.

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