Regulations

Brooklyn’s tallest tower further permitted for construction

Extension for Dime Savings Bank renovation approved by LPC
  • The 73-story apartment building is due to go forth this year and will tower twice as high as anything else nearby.
  • The developers plan to partially demolish 9 Dekalb Ave. (the bank portion) and revamp the city landmark into a 97,000 square foot retail space.
  • Removal of the bank tellers was not approved this time around, but the LPC offered JDS to return to ask for removals if and when a tenant signs for the retail space where the tellers sit.
  • Because the Dime Savings Bank property includes 300,000 square feet of air rights, JDS and Chetrit do not need to file with the city to comply with height regulations.

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

The 1,066-foot-tall residential tower at 340 Flatbush Ave. Ext. and 9 Dekalb Ave. in Brooklyn is one step closer to breaking ground. After receiving approval from the Landmarks Preservation Commission to modify the landmarked Dime Savings Bank in Downtown Brooklyn, the 73-story apartment building is due to go forth this year and will tower twice as high as anything else nearby. As reported back in February, JDS Development and Chetrit Group were required to submit alterations to the Landmarks Preservation Commission in order to alter the Dime Savings Bank portion of the property. The developers plan to partially demolish 9 Dekalb Ave. (the bank portion) and revamp the city landmark into a 97,000 square foot retail space. The bank’s modifications include removing annex portions in order to build an atrium, with developers originally planning to remove ATM and teller build-outs, according to a YIMBY report. Artist's rendering/ Courtesy of SHoP Architects Lead desig...