Savanna purchases vacant DoBro lot next to Willoughby Street project

Lot at 385 Gold Street has been earmarked for public open space

TRD New York /
Dec.December 06, 2018 05:30 PM

Christopher Schlank and 385 Gold Street (Credit: Google Images)

Savanna has purchased a vacant lot in Downtown Brooklyn from the city for an unnamed price.

The company bought 385 Gold Street from the city’s Economic Development Corporation, according to property records. The parcel has been earmarked for “public open space,” which typically refers to some type of parkland.

The site is located adjacent to the 44-story, mixed-use project Savanna is planning at 141 Willoughby Street. The development will contain 124,000 square feet of commercial space and 203 apartments, 61 of which will be marketed at below-market rents.

Savanna and EDC did not immediately respond to requests for comment.

Savanna’s project is one of many coming to Downtown Brooklyn. Louis Greco’s Second Development Services is working on converting Brooklyn Community Services’ headquarters at 285 Schermerhorn Street into condos, and one of the neighborhood’s newest buildings at 237 Duffield Street has hit the market for $100 million.

Savanna is also seeing plenty of action in Queens, where Amazon has agreed to lease 1 million square feet at One Court Square as part of its move to the borough.

Related Article


Embattled Prodigy Network CEO Rodrigo Niño to step down

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now

The development site at 98 Dekalb Avenue and Rockrose Development's Justin and Henry Elghanayan (Credit: Google Maps)

Rockrose is moving into Brooklyn

Real estate titans … and their toys

Developer seeks $40M for Opportunity Zone site in downtown Newark

This East End icon might finally be closing in on a sale

Mack-Cali sells Paramus office property, Murphy enacts land bank reforms & more North Jersey real estate news