TF Cornerstone’s Prospect Heights two-tower project unveiled

Mixed-use development will have nearly 800 residential units

New York /
Oct.October 23, 2019 01:15 PM
TF Cornerstone president Frederick Elghanayan and 595 Dean Street (Credit: CityRealty, Google Maps)

TF Cornerstone president Frederick Elghanayan and 595 Dean Street (Credit: CityRealty, Google Maps)

TF Cornerstone has released the details on its Pacific Park towers.

The developer plans to construct a residential and commercial building with an east and west tower at 595 Dean Street in Prospect Heights, according to a pre-filed application with the city’s Department of Buildings. (YIMBY first reported the news.)

The project will house 798 apartments with the east tower standing 29 stories (and 298 feet tall) and the west one 24.

Together, the development is zoned for about 651,000 square feet of residential space and will devote about 8,400 to commercial use. The first floors of both towers will have retail stores, and the development will have 455 parking spaces, according to the application. The architect of record is Handel Architects.

At press time it could not be determined what percentage of the apartments would be designated as affordable. Representatives of TF Cornerstone were not immediately available for comment.

TF Cornerstone earlier this year spent $143 million for 595 and 615 Dean Street and secured $73 million in financing for the development site from M&T Bank.

Greenland Forest City had previously envisioned a 25-story tower for TF Cornerstone’s site. Other builders have entered the mix over the years to finish Pacific Park, the development formerly known as Atlantic Yards.


Related Articles

arrow_forward_ios
Bronx development files late, and local pol claims credit
Bronx development files late, and local pol claims credit
Bronx development files late, and local pol claims credit
Alex Rodriguez and Constantine Scurtis of Lynd (Getty)
A-Rod gets 13 lawsuits dismissed that were filed by ex-brother-in-law over real estate empire
A-Rod gets 13 lawsuits dismissed that were filed by ex-brother-in-law over real estate empire
960 Franklin Avenue in Crown Heights and Continuum Company founder Ian Bruce Eichner (Hill West Architects, Getty)
Continuum sues to stop rejection of towers by Brooklyn Botanic Garden
Continuum sues to stop rejection of towers by Brooklyn Botanic Garden
Avison Young acquires Singer & Bassuk Organization
Avison Young acquires Singer & Bassuk Organization
Avison Young acquires Singer & Bassuk Organization
An aerial of the Pascack Ridge development (Google Maps)
Large Rockland development project suffers setback in court
Large Rockland development project suffers setback in court
Glut reaction: NYC’s unsold condo inventory is finally receding
Glut reaction: NYC’s unsold condo inventory is finally receding
Glut reaction: NYC’s unsold condo inventory is finally receding
Hong Kong Stock Exchange (Getty)
Investors sell off Chinese real estate stocks
Investors sell off Chinese real estate stocks
124 South Middle Neck Road in Great Neck, Long Island and Hornig Capital Partners Managing Partner Daren Hornig (Google Maps, Hornig Capital)
Size, security, transparency: Great Neck apartment project delayed following local pushback
Size, security, transparency: Great Neck apartment project delayed following local pushback
arrow_forward_ios

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

Loading...