Rockrose’s new Brooklyn skyscraper will rise 47 stories

Project will span 418K sq. ft. and have 609 apartments

New York /
Apr.April 22, 2020 12:00 PM
Rockrose Development President Justin Elghanayan and 98 DeKalb Avenue in Brooklyn

Rockrose Development President Justin Elghanayan and 98 DeKalb Avenue in Brooklyn

Rockrose Development’s plans for its first large-scale development in Brooklyn call for a 47-story, mixed-use tower.

Rockrose recently filed an application for the development at 98 Dekalb Avenue with the city’s Department of Buildings, a few days after closing on the site in an $81 million, all-cash deal.

Justin Elghanayan, Rockrose’s president, did not immediately respond to a request for comment.

Spanning a little more than 418,000 square feet, the project will have 609 apartments and retail on the first floor, according to the filing. The architect of record is SLCE Architects.

Rockrose went into contract on the site, on the border of Downtown Brooklyn and Fort Greene, a couple of blocks from Fort Greene Park, over the summer. The deal includes a neighboring property’s air rights.

Rockrose’s focus is on large projects in Manhattan and Long Island City. In December, the firm secured $255 million from Wells Fargo to construct a rental tower at 555 West 38th Street in Hudson Yards.

Write to Mary Diduch at [email protected]


Related Articles

arrow_forward_ios
Tankhouse’s Sam Alison-Mayne with 452 Union Street (Facades Plus, Google Maps, Getty)
Multifamily deals dominate strong week of NYC i-sales
Multifamily deals dominate strong week of NYC i-sales
From left: Arch Companies' Jeff Simpson and Hello Living's Eli Karp along with a rendering of 1580 Nostrand Avenue (Getty Images, Arch Companies, Hello Living)
Eli Karp’s Hello Living says goodbye to Flatbush project
Eli Karp’s Hello Living says goodbye to Flatbush project
HUBB’s John McCarthy, Greystone's Thomas Ryan and 223-225 4th Avenue (Google Maps, Greystone, Getty)
HUBB NYC continues 421a spending spree, buying Park Slope building
HUBB NYC continues 421a spending spree, buying Park Slope building
Raquel Lomonico (Raquel Lomonico, Getty)
Nest Seekers’ Raquel Lomonico jumps to Compass’ top Brooklyn team
Nest Seekers’ Raquel Lomonico jumps to Compass’ top Brooklyn team
Arch Companies’ Jeffrey Simpson with 1633 East 16th Street (Arch Companies, Google Maps)
Just two mid-market investment sales closed in NYC last week
Just two mid-market investment sales closed in NYC last week
From left: Highpoint’s Partner Drew Popkin and Ross Banon with 99 North 4th Street (City Realty, LinkedIn)
Corner Street, Highpoint nab outer-borough portfolio for $167M
Corner Street, Highpoint nab outer-borough portfolio for $167M
From left: 74 Wellington and 1 Clinton
Brooklyn luxury contracts bounce back with a bump in bargains
Brooklyn luxury contracts bounce back with a bump in bargains
From left: Meadow Partners' Jeff Kaplan and Davean Holdings' Sean Lefkovits (Meadow Partners, Davean Holdings, Getty)
Meadow, Davean pick up 12 apartment properties for $77M
Meadow, Davean pick up 12 apartment properties for $77M
arrow_forward_ios

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

Loading...