Kushner Companies files plans for 737-unit Dumbo building

Property at 85 Jay Street to rise 21 stories

New York /
Aug.August 29, 2017 10:45 AM

Kushner Companies’ plans for a large luxury development in Dumbo are taking shape. The development firm and its partners CIM Group and LIVWRK filed plans to build a 21-story residential property at 85 Jay Street.

As The Real Deal reported, Morris Adjmi is designing the building.  The 874,149-square-foot property would include 737 apartments spanning 812,978 square feet and 60,017 square feet of commercial space, public records show. Previous reports claimed the developers plan to build two towers with a combined 1.1 million square feet that will include both rental and condominium units.

According to the filing, the building will stand 250 feet tall.

The developers paid Jehovah’s Witnesses $345 million for the 135,000-square-foot site in December.  The firms also bought the nearby Watchtower office complex from the religious organization for $340 million last year.

Kushner Companies is also developing an apartment tower at One Journal Square in Jersey City, where it recently came under fire for referencing White House adviser and former company CEO Jared Kushner in a presentation to woo Chinese investors. The firm also reportedly plans to build a luxury condo-and-retail tower at 666 Fifth Avenue, but has struggled to find investors.


Related Articles

arrow_forward_ios
(Illustration by The Real Deal with Getty Images)
NJ town concocts new excuse for rejecting affordable housing
NJ town concocts new excuse for rejecting affordable housing
A photo illustration depicting the massive changes at 2797 Atlantic Avenue (Google Maps, Getty Images)
Church plans 343 apartments in East New York
Church plans 343 apartments in East New York
Suburbanites with pitchforks as two hands ripping building plans
Suburban Nimbys oppose more housing. Do they have a point?
Suburban Nimbys oppose more housing. Do they have a point?
From left: Silverstein Properties' Larry Silverstein and New York City Councilmember Julie Won along with a rendering of Innovation QNS (Getty Images, Julie Won for City Council, Innovation QNS Official Site)
Silverstein’s Astoria megaproject ups affordable housing commitment
Silverstein’s Astoria megaproject ups affordable housing commitment
1 Geoffrey Way in Wayne NJ (Loopnet, Getty)
Homes are us? Passaic County weighs dev plans for ex-Toys R Us HQ
Homes are us? Passaic County weighs dev plans for ex-Toys R Us HQ
Cornerstone Structures' James Guerriero and 201 North Division Street in Peekskill, New York (LinkedIn/James Guerriero, Google Maps)
Developer proposes 125-unit project in Peekskill
Developer proposes 125-unit project in Peekskill
MR Property Builders' Rich Rauff and 45th Street between Pacific and Prospect Streets in Copiague (Getty Images, Google Maps, MR Property Builders)
Honey, they shrunk the housing: Long Island project withers
Honey, they shrunk the housing: Long Island project withers
(Photo Illustration by The Real Deal with Getty Images)
Lumber prices splinter amid rising interest rates
Lumber prices splinter amid rising interest rates
arrow_forward_ios

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

Loading...