The Real Deal New York

Savanna purchases vacant DoBro lot next to Willoughby Street project

Lot at 385 Gold Street has been earmarked for public open space
By Eddie Small | December 06, 2018 05:30PM

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.