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Spitzer Enterprises plans luxury building near Williamsburg Bridge

Eliot Spitzer's company is developing 856 units on waterfront property.
Eliot SpitzerCNBC,NBCUniversal, Getty Images

Former Gov. Eliot Spitzer’s company is building a three-tower residential building near the Williamsburg Bridge.

Spitzer is expected to announce the plans later today. The New York Times reported Tuesdaythat the $700 million project has plans for three towers, 856 apartments and two rooftop pools.

Spitzer Enterprises, which the former governor assumed leadership last year after his father’s death, closed on the three-acre parcel earlier this year and secured building permits on June 8, according to the New York Times. The former governor, who stepped down in 2008 following a prostitution scandal, will keep 20 percent of the units for low-income tenants.

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