Rabsky files retail plans for DoBro development site

Developer and partners can build Fulton Street tower as big as 770K sf

TRD NEW YORK /
Jun.June 14, 2017 01:05 PM

625 Fulton Street (Credit: Google Maps)

Rabsky Group filed plans to build about 75,000 square feet of ground-floor retail on the site of his $226 million Downtown Brooklyn assemblage, where he has enough development rights to build a 770,000-square-foot skyscraper.

The Brooklyn development firm, led by Simon Dushinsky and Isaac Rabinowitz, filed a permit application Wednesday with the city’s Department of Buildings that indicates he plans to develop 75,347 square feet of retail on the ground floor at 625 Fulton Street and another 72,676 square feet on the lower level.

A representative for Rabsky did not immediately respond to a request for comment.

Rabsky, which is partnering on the project with Joel Gluck’s Spencer Equity and former Downtown Brooklyn Partnership president Tucker Reed, purchased the lot at 625 Fulton Street in January 2016 from Forest City Ratner for $158 million.

Last month, the partners bought the adjacent lot at 633 Fulton Street for $68 million. Rabsky had earlier been planning a 36-story office tower with retail, but sources told The Real Deal that he is considering residential as the primary use.

The development site sits just east of Downtown Brooklyn’s Fulton Mall, between projects like the CityPoint complex and JDS Development’s supertall apartment tower 9 DeKalb on one side and the BAM Cultural District on the other, where Apple anchors the retail component of Two Trees Management’s 300 Ashland.


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