Midtown Equities is bringing a 20-story resi tower to Brooklyn Heights

Project at 200 Montague Street will house 120 units

Apr.April 02, 2019 06:30 PM

Joseph Cayre and 200 Montague Street, Brooklyn (Credit: Google Maps)

It looks like Brooklyn Heights is getting another residential development.

Joseph Cayre’s Midtown Equities hopes to construct a 100,200-square-foot, mixed-use property at 200 Montague Street in the neighborhood, according to a pre-filed building application with the city’s building department. The 20-story project will have roughly 6,500 square feet of commercial space and 121 apartments.

Midtown Equities did not immediately return a request for comment Tuesday evening.

But before the firm can build, it must get permission from the city’s Landmarks Preservation Commission. The site sits in the Borough Hall Skyscraper Historic District, which was created in 2011 to cover 21 towers near Borough Hall and around Court and Montague Streets that were built in the late 19th and early 20th centuries.

The current property at 200 Montague Street was designed by architect Philip Birnbaum and built as a two-story building around 1960 for a bank. Later, two more stories were added on.

Earlier this month, the commission took no action on Midtown’s application to demolish the current structure and build on the site, which the firm picked up in 2007 for $25 million from HSBC Bank.

The project sits about two blocks from the Hudson Companies’ One Clinton condominium. The developer knocked down the Brooklyn Heights’ branch of the Brooklyn Public Library to construct the luxury 134-unit, 36-story development.

Related Articles

Dean & Deluca CEO Sorapoj Techakraisri and Midtown Equities founder Joseph Cayre (Credit: Craig Barritt/Getty Images, Facebook, iStock)

In Chapter 11 filing, Dean & DeLuca reveals it owes Midtown Equities $22M

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

426 9th Street and 81 Pierrepont Street in Brooklyn (Credit: Google Maps)

Brooklyn’s luxury resi market sees deals plummet

Miki Naftali, Steven Witkoff and Ryan Freedman

TRD Talks: How developers are contending with coronavirus

38 Hicks Street and 58 Butler Street in Brooklyn (Credit: Google Maps)

Brooklyn’s luxury resi market sees big dropoff in activity

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

Morris Moinian and 1150 6th Avenue (Credit: Noam Galai/Getty Images, Google Maps)

Morris Moinian to sell site of stalled hotel project

11 Hoyt Street and 1 Clinton Street in Brooklyn (Credit: Binyan Studios and 1 Clinton Street)

Downtown Brooklyn condo was borough’s priciest contract last week