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
(iStock/Illustration by Kevin Rebong for The Real Deal)
These are real estate executives’ worst worries for 2021
These are real estate executives’ worst worries for 2021
Meredith Marshall (Photo by Emily Assiran)
“We need more housing”: Q&A with BRP Companies’ Meredith Marshall
“We need more housing”: Q&A with BRP Companies’ Meredith Marshall
(iStock/Photo Illustration by Kevin Rebong for The Real Deal)
Dubious gentrification study will backfire on New York City
Dubious gentrification study will backfire on New York City
Ryan Serhant and Gary Barnett on Development Slowdown in Pandemic
Coffee Talk: Extell’s Gary Barnett and Ryan Serhant
Coffee Talk: Extell’s Gary Barnett and Ryan Serhant
227 Grand Street in Williamsburg, and the Tel Aviv Stock Exchange (far left)
“I suppose a lot of people have a full stomach from what he did:” Inside Yoel Goldman’s very bad year
“I suppose a lot of people have a full stomach from what he did:” Inside Yoel Goldman’s very bad year
The newest plan for the New York Wheel is 210 feet shorter than the 2018 plans. (Cosentini Associates, Getty)
Honey, I shrunk the Wheel: Smaller ride planned for Staten Island
Honey, I shrunk the Wheel: Smaller ride planned for Staten Island
Modell's at 360 Fulton Street, Brooklyn (Google Maps)
Former Modell’s site in Downtown Brooklyn up for sale
Former Modell’s site in Downtown Brooklyn up for sale
Corey Johnson (Getty, iStock)
When NIMBYs attack: Why CoJo’s master plan won’t fly
When NIMBYs attack: Why CoJo’s master plan won’t fly
arrow_forward_ios

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

Loading...