Milan Meets Red Hook in $11.8M Brooklyn Acquisition

Milan developer and urban planner Alessandro Cajrati Crivelli plans to bring a touch of Venice to Red Hook, Brooklyn with the help of architecture firm Adjmi & Andreoli.

The man behind the development company Estate 4 has purchased a 130,000-square-foot factory space at 202 Coffey Street for $11.8 million, The Commercial Observer has learned, and he is tapping the New York-based architects to strip the building down to its original 19th-century brilliance, ultimately creating a photography school and a series of artist studios.

“As architects we are excited to touch such a beautiful building,” said Aldo Andreoli, one half of the architecture team charged with restoring the 1889 building.

“We fell in love with the structure inside, which is reminiscent of the Palazzo Grassi in Venice,” he added, referring to the 18th-century, classical style building that was turned into an art gallery in the 1980’s.
Read More