Jenel planning 19-story Downtown BK office building

Retail landlord files permits for 174K sf property at 540 Fulton Street

New York /
Apr.April 29, 2016 12:15 PM

The Dushey family’s Jenel Management filed plans Friday for a new 19-story office building on the former site of a low-rise retail strip in Downtown Brooklyn.

The 174,000-square-foot building at 540 Fulton Street would hold retail space across its first and second floors, as well as the cellar level, according to permit applications filed with the Department of Buildings.

Offices would span the third through 19th floors, while the first floor would also house 420-square-foot bicycle storage room.

Marvel Architects is designing the project, according to the filing. Neither Jenel nor Marvel immediately responded to requests for comment.

Midtown-based JenelTRData LogoTINY, led by CEO David Dushey, acquired 540 Fulton Street in 1981 for an undisclosed price, according to city property records. The site, which is located between Nevins Street and Hanover Place and just off Flatbush Avenue, formerly held a two-story, 26,000-square-foot retail strip that Jenel demolished last year.

The property also sits across from a 500,000-square-foot assemblage that Williamsburg-based real estate firm RedSky Capital is putting together along Fulton Street.

Jenel, which largely focuses on retail properties, acquired a 6,300-square-foot retail co-op at 80 Wooster Street in Soho for more than $25 million last year. The company owns and manages more than 90 properties spanning more than 3 million square feet, according to its website.


Related Articles

arrow_forward_ios
Hudson’s Bay Company CEO Richard Baker and 609 North Avenue W in Westfield, NJ (Cornell, Google Maps)
Shuttered Lord & Taylor targeted for Union County redevelopment
Shuttered Lord & Taylor targeted for Union County redevelopment
Golub’s Michael Newman and Azur Cos' Joseph McMillan Jr (Golub & Company’s, Studio Scrivo, SCB)
New York developer pivots Chicago tower project
New York developer pivots Chicago tower project
Yonkers mayor Mike Spano with 354 and 358 Nepperhan Avenue (Google Maps, Yonkers NY, Getty)
Yonkers greenlights $182M in residential, commercial projects
Yonkers greenlights $182M in residential, commercial projects
Justice Debra James and Elizabeth Street Garden (NYCourts, Elizabeth Street Garden, Getty)
Judge’s two years of silence paralyzes Little Italy project
Judge’s two years of silence paralyzes Little Italy project
160 NYS Route 25 in Greenport, LI (Google Maps, Getty)
Yellow light for Greenport project
Yellow light for Greenport project
A photo illustration of Adam Leitman Bailey (far left) and Miki Naftali (right) (Getty Images, Naftali Group, Adam Leitman Bailey, P.C.)
Naftali tenant suffers blow in holdout battle
Naftali tenant suffers blow in holdout battle
Tiffany Cabán (right) and Sen. Jabari Brisport, and a rendering of the Hallets North project (Getty, Studio V, New York Senate Photo, CC BY 2.0, via Wikimedia Commons)
In socialists we trust: Tiffany Cabán and the great housing breakthrough
In socialists we trust: Tiffany Cabán and the great housing breakthrough
Tishman Speyer, Goldman Sachs plan 2K units in Jersey City
Tishman Speyer, Goldman Sachs plan 2K units in Jersey City
Tishman Speyer, Goldman Sachs plan 2K units in Jersey City
arrow_forward_ios

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

Loading...