Rabsky Development hopes to bring 942-foot-tall building to DoBro

TRD New York /
Dec.December 14, 2018 10:30 AM

625 Fulton Street

Downtown Brooklyn could be getting another megaproject.

Rabsky Development  hopes to build a 942-foot-tall building with 902 apartments, 739,000 square feet of office space and a 640-seat public elementary school at 625 Fulton Street, according to Politico. The project would span 1.8 million square feet overall, and its public review process will start in January.

The project would be the densest development in Brooklyn if it is approved as-is. Rabsky framed it as an attempt to bring more office space to Downtown Brooklyn.

The firm is also working on the massive and controversial Broadway Triangle project in South Williamsburg, where they recently landed a $65 million loan.

Rabsky would not need a residential rezoning for the project given the allowed density on the site, so the project would not be subject to city regulations from 2016 that mandate affordable apartments in exchange for higher density. The firm still plans to include some affordable housing with the project but not as much as the policy would call for.

Local City Council member Laurie Cumbo told Politico she planned to push for a project of this scale to include a significant affordable component.

“You can’t allow a project of that magnitude and scale to be discussed without affordability being at the forefront of the table,” she said. “I’m looking for both residential and commercial [affordability].” [Politico]  – Eddie Small


Related Articles

arrow_forward_ios
Rabsky Group buying Gowanus parcel from Yoel Goldman for $95M: sources

Rabsky Group buying Gowanus parcel from Yoel Goldman for $95M: sources

Rabsky Group buying Gowanus parcel from Yoel Goldman for $95M: sources
From left: Steven Rockefeller Jr., Wayne Morrison, and Florian Haffa

Past the pandemic: Rockefeller family pitches global luxury development projects

Past the pandemic: Rockefeller family pitches global luxury development projects
Rockrose Development President Justin Elghanayan and 98 DeKalb Avenue in Brooklyn

Rockrose’s new Brooklyn skyscraper will rise 47 stories

Rockrose’s new Brooklyn skyscraper will rise 47 stories
Don Peebles: A leader’s role “is to look at things in balance”

Don Peebles: A leader’s role “is to look at things in balance”

Don Peebles: A leader’s role “is to look at things in balance”
When the coronavirus crisis subside, offices could do away with hot-desking (Credit: iStock)

How the coronavirus could change the office of the future

How the coronavirus could change the office of the future
US Steel’s sprawling South Works site is about the size of Downtown Chicago. At left, Common, who wants to partner with developers on a mixed-use entertainment district there, and Dan McCaffery, whose vision for a 13,000-home community fizzled out. (Credit: Common by Paras Griffin/Getty Images; McCaffery via McCaffery Interests; aerial by Cushman & Wakefield)

South Works, the 415-acre “magnificent property,” is Chicago’s biggest development opportunity

South Works, the 415-acre “magnificent property,” is Chicago’s biggest development opportunity
Miki Naftali, Steven Witkoff and Ryan Freedman

TRD Talks: How developers are contending with coronavirus

TRD Talks: How developers are contending with coronavirus
Mayor Bill de Blasio halted ULURP, stalling projects like 960 Franklin Avenue, Rikers Island and Industry City 

These projects could be held up by New York’s rezoning freeze

These projects could be held up by New York’s rezoning freeze
arrow_forward_ios

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

Loading...