JDS, Chetrit’s DoBro resi supertall jumps Landmarks hurdle

The commission approved changes to adjacent former Dime Savings Bank

TRD New York /
Apr.April 19, 2016 04:00 PM

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


Related Articles

arrow_forward_ios
Sharif El-Gamal, Joseph Chetrit and 1384 Broadway (Getty; Google Maps)

Chetrit Group sues Sharif El-Gamal for unpaid rent

Chetrit Group sues Sharif El-Gamal for unpaid rent
2870 Ocean Avenue and Isaac Chetrit, and 936 Home Street (Google Maps) 

Chetrit family’s dev site buy tops weekly mid-market sales

Chetrit family’s dev site buy tops weekly mid-market sales
Chetrit Group principal Michael Chetrit and 850 Third Avenue (850thirdavenue, iStock, Discovery Channel)

Chetrit battles Discovery Channel at 850 3rd Avenue

Chetrit battles Discovery Channel at 850 3rd Avenue
Paul Travis, managing partner at Washington Square Partners, and Brooklyn's City Point (Getty, Google Maps)

Brooklyn’s City Point signs 62K-sf lease with school

Brooklyn’s City Point signs 62K-sf lease with school
150 East 86th Street (Google Maps)

Barnes & Noble closing on Upper East Side

Barnes & Noble closing on Upper East Side
111 West 57th Street and 20 East 78th Street (JDS, Google Maps)

Manhattan luxury contracts hit 12-week pandemic high

Manhattan luxury contracts hit 12-week pandemic high
111 West 57th Street and Michael Stern of JDS Development

111 West 57th sees two $30M+ sales in midst of shutdown

111 West 57th sees two $30M+ sales in midst of shutdown
WATCH: JDS’ Stern and SHoP’s Pasquarelli on shaping the skyline

WATCH: JDS’ Stern and SHoP’s Pasquarelli on shaping the skyline

WATCH: JDS’ Stern and SHoP’s Pasquarelli on shaping the skyline
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...