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Is Brooklyn Ready For A Residential Tower Taller Than The Empire State Building?
By
Emma Whitford
Published Aug 6, 2015
Modified Aug 6, 2015
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By
Emma Whitford
Published Aug 6, 2015
Modified Aug 6, 2015
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A real estate deal just inked between two luxury developers and JPMorgan Chase could throw a shadow of Empire State Building proportions across Downtown Brooklyn. That's right—the Tallest Building In Brooklyn could soon be a 1,200-foot-tall DGAF residential finger shooting up next to Junior's.
If not taller. One source told Crain's that the tower might be as tall as 1,454 feet (spire included), making it second only to Extell Development's Nordstrom Tower, which plans to hit 1,775 feet. In other words, Brooklyn could end up with the second tallest residential building in the city. No building outside Manhattan has ever exceeded 1,000 feet. For further context, One World Trade clocks in at 1,792 feet, spire included.
Crain's reports that Michael Stern and Joe Chetrit of Chetrit Group purchased the former Dime Savings Bank for $90 million. The deal comes with 300,000 square feet of development rights, which they can now apply to adjacent 340 Flatbush Avenue Extension. Rather than destroy their newly-purchased Art Deco bank, equipped with dome and regal columns, the entrepreneurial duo might convert it into retail.
To get a sense of what all this might mean for the neighborhood, Stern is the guy behind soon-to-be 1,400-foot-tall 111 West 57th Street along Billionaire's Row. Along with equally-obtrusive 1 Park Lane, 111 West 57th is subsidizing about 23 affordable studio apartments.
Let's face it; sooner or later Downtown Brooklyn will look like this.
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billionaire's row
downtown Brooklyn
real estate
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why god
Emma Whitford
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