The Real Deal New York

JDS, Chetrit’s DoBro resi supertall jumps Landmarks hurdle

The commission approved changes to adjacent former Dime Savings Bank

April 19, 2016 04:00PM

renderings-340-Flatbush-Ave-Extension

Renderings of the former Dime Savings Bank at 9 DeKalb Avenue and base of 340 Flatbush Avenue Extension (Credit: SHoP Architects via New York YIMBY)

Brooklyn’s future tallest building is on its way — on Tuesday, the Landmarks Preservation Commission approved changes to the adjacent former Dime Savings Bank.

Michael Stern’s JDS Development Group and partner Joseph Chetrit’s Chetrit Group plan to construct a 73-story, 1066-foot tower at 340 Flatbush Avenue Extension in Downtown Brooklyn. The 556,000-square-foot tower is slated to have nearly 500 apartments spanning more than 463,000 square feet of residential space. There will also be nearly 93,000 square feet of commercial space at the base of the tower.

The former bank building at 9 DeKalb Avenue, which was designated a landmark in 1994, will connect to the supertall and is slated for retail space, New York YIMBY reported. The project will dwarf Brooklyn’s current tallest building, the 600-foot Hub at 333 Schermerhorn Street.

JDS and Chetrit bought the Downtown Brooklyn development site for $43.5 million in 2014 and had planned a 775-foot building, but after acquiring the former bank building for $90 million, the additional 300,000 square feet of air rights allowed the developers to build taller.

With the exception of removing the bank’s teller stations, the commission approved the SHoP Architects-designed plans, according to YIMBY. Once JDS and Chetrit get a retail tenant for the space, the developers can appear before the commission again about the teller stations.  [NY YIMBY]Dusica Sue Malesevic

MENU