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
More contracts signed in the city for more expensive homes (iStock)
Manhattan condo signings jump 65% in November, led by priciest homes
Manhattan condo signings jump 65% in November, led by priciest homes
273 Skillman Street, 83 Nostrand Avenue and 1358 Dekalb Avenue with Andrew Farkas of Island Capital (Google Maps, Getty)
All Year’s massive Brooklyn portfolio in distress, sparking bidding war
All Year’s massive Brooklyn portfolio in distress, sparking bidding war
Brownstones rule Brooklyn’s luxury market Thanksgiving week
Brownstones rule Brooklyn’s luxury market Thanksgiving week
Brownstones rule Brooklyn’s luxury market Thanksgiving week
Clockwise from top left: 2875 Morningside Heights, 38-21 12th Street in Long Island City, 46 Nevins Street in Brooklyn (Google Maps)
Investors flip NYC industrial, hotel, office buildings in pre-holiday frenzy
Investors flip NYC industrial, hotel, office buildings in pre-holiday frenzy
Feil Organization plans 43-story DoBro tower
Feil Organization plans 43-story DoBro tower
Feil Organization plans 43-story DoBro tower
The Collective's Reza Merchant and 1215 Fulton Street in Bedford-Stuyvesant (NLA, The Collective)
Co-living startup The Collective to lose another Brooklyn development project
Co-living startup The Collective to lose another Brooklyn development project
“Why are we living in such conditions?”: Crown Heights tenants withhold rent
“Why are we living in such conditions?”: Crown Heights tenants withhold rent
“Why are we living in such conditions?”: Crown Heights tenants withhold rent
85 Jay Street (Williams New York)
Condos at 85 Jay Street claimed last week’s 3 priciest Brooklyn contracts
Condos at 85 Jay Street claimed last week’s 3 priciest Brooklyn contracts
arrow_forward_ios

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

Loading...