search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aSterling Bay, JPMorgan at odds with Wells Fargo on $230M Fulton Market debtSterling Bay, JPMorgan at odds with Wells Fargo on $230M Fulton Market debtHousing deal critics spin themselves sillyHousing deal critics spin themselves sillyElie Schwartz misses payment after allegedly defrauding investorsElie Schwartz misses payment after allegedly defrauding investors
Development
New York

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

Project at 200 Montague Street will house 120 units

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

Sign Up for the undefined Newsletter

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.

Tags
Brooklyn HeightsDevelopmentJoseph CayreMidtown Equities