AgentIndustry News

Sky-high Brooklyn tower to feature nearly 500 rental units

Developers of 73-story building need approval from Landmarks Preservation Commission
  • Designed by Shop Architects, the bronze and glass hexagonal property would tower twice as high over the tallest surrounding landscape.
  • In order to continue with construction, JDS must submit alterations to the Landmarks Preservation Commission at a scheduled hearing on March 15.
  • Last week, Shop Architects presented its renderings to the Brooklyn Community Board Two Land Use Committee, which approved the proposed development.
  • Downtown Brooklyn, where the project is located, is one of the fastest accelerating neighborhoods in terms of year-over-year rent price.

Move over, Manhattan -- Brooklyn is the next target for a monsterous development. JDS Development and Chetrit Group are making strides with plans on a 1,066-foot-tall residential tower at 340 Flatbush Ave. Ext. and 9 Dekalb Ave. Designed by Shop Architects, the bronze and glass hexagonal property would tower twice as high as the tallest surrounding landscape. Neighbors would include the Williamsburgh Savings Bank building, which was once the grandest building in Brooklyn at 512 feet, The New York Times reports. While not completed, the next-tallest building in Brooklyn is Avalon Willoughby West, another high-rise residential property that is due to be 596 feet tall. Although certainly a statement in the borough, Avalon’s stature is no where near the proposed 1,066-foot skyscraper JDS and Chetrit plan to open in 2019. JDS and Chetrit paid $46 million in 2014 for the property at 340 Flatbush Ave. Ext., which is a five-story midcentury building planned for demolition. L...