Monday, July 21, 2014

775-Foot Tower to Surpass 388 Bridge St. as Brooklyn’s Tallest Building

JDS Development and the Chetrit Group are looking to build a 70-story, 775-foot-tall skyscraper on one of Downtown Brooklyn's busiest corners. The partners plan to demolish the existing structure 340 Flatbush Avenue Extension and build what would be the borough’s tallest tower, topping the current 590-foot record holder at 388 Bridge Street. The developers acquired the squat six-story building between Fleet Street and DeKalb Avenue – adjacent to Junior’s Cheesecake - for $43.5 million in June.
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388 Bridge Street will soon lose its spot as Brooklyn’s tallest tower. The 590-foot building’s status will be short-lived, as several super tall towers are getting ready to rise.

Residential builders are engaged in a high-stakes game of one-upmanship in the neighborhood, with each planning to build a taller tower than the last.

The 53-story Bridge Street building will soon be surpassed by Avalon Willoughby West, a 596-foot tower under construction at 100 Willoughby Street that will have 861 rental units in 57 stories.

Then there’s City Point, the 1.9 million-square-foot complex across the block, whose third phase will also include a mega-tower.

Once completed, the 775-foot behemoth coming to 340 Flatbush Avenue Extension will change the Brooklyn skyline and dwarf them all, with 495 apartments spread over 446,734 square feet and nearly 109,000 square feet of commercial space.

Developers can build as tall as they want in downtown Brooklyn following a rezoning in 2004, and they’re taking advantage of the opportunity to build units with pricey views of Manhattan.

And this development team knows a thing or two about tall towers.

JDS Development has already started to turn the Steinway Hall site on West 57th Street in Manhattan into 1,350-foot tower, and is working on a hulking rental project at 626 First Avenue with 800 apartments.

The Chetrit Group, famous for his residential conversions of the Chelsea Hotel and the Sony Building, owns what is now America’s second tallest building, the Willis Tower in Chicago.

The project at 340-366 Flatbush Extension will be designed by SHoP Architects, which also designed Barclay’s Center and the Domino Sugar redevelopment, and is known for creating interesting and innovative buildings.

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