Demolition of historic Flatbush bank building begins

Community preservation groups find landmark designation would not matter

New York /
Mar.March 09, 2021 11:30 AM
The Flatbush Savings Bank at 1045 Flatbush Avenue (Google Maps)

The Flatbush Savings Bank at 1045 Flatbush Avenue (Google Maps)

Community preservation groups were unable to stop the razing of a historic bank building in Flatbush.

Demolition has begun at the 94-year old Flatbush Savings Bank, at 1045 Flatbush Avenue next to the Kings Theatre, according to Bklyner.

Community activists such as Respect Brooklyn tried to get the city’s Landmarks Preservation Commission to step in, but according to the commission, a historic designation would not have mattered anyway. (Contrary to popular belief, landmarks can be razed.)

Brooklyn Borough President Eric Adams and the original architecture firm that designed the building also supported its preservation, to no avail.

Activists argue that there has been a lack of landmark designations in Flatbush, which is leading to a loss of cultural and architectural character. The most recent landmark designation was the Sears Roebuck building in 2012.

Nehalkumar Gandhi, who purchased the bank building, plans to replace it with a nine-story, mixed-use building totaling 86,000 square feet, according to Bklyner. About 43,000 square feet will be for commercial use and 15,000 for residential.

Plans filed with the Department of Buildings indicate that the building will be a mixture of hotel rooms and apartments. It will also have space for an “ambulatory diagnostic/health rehabilitation” facility.

Gandhi is an active hotel developer in Brooklyn. He has projects in Williamsburg, Sunset Park, East New York and the Bronx.

[Bklyner] — Keith Larsen


Related Articles

arrow_forward_ios
240 Sullivan Street and Sky Management’s Jonathan Ohebshalom (Sky Management, Google Maps, iStock)
Sky buys Greenwich Village mixed-use building in quiet week for i-sales
Sky buys Greenwich Village mixed-use building in quiet week for i-sales
From left: 121 West 26th Street, Watermark’s Brendan Medzigian and Two Kings Principal Christopher Wang (Google Maps, Watermark , LinkedIn)
Watermark Capital sells Holiday Inn in Chelsea for $80 million
Watermark Capital sells Holiday Inn in Chelsea for $80 million
Allure’s Joel Landau and 9036 7th Avenue in Brooklyn (Allure, Google Maps)
Abe Leser’s ailing hospital deal revived for $160M
Abe Leser’s ailing hospital deal revived for $160M
From left: 11 Hoyt Street and 370 Eighth Street
See clear across Brooklyn, unclothed: Buyer claims $5M penthouse
See clear across Brooklyn, unclothed: Buyer claims $5M penthouse
One of the pools at the Brooklyn Tower. (TheBrooklynTower.com)
Life Time Group to manage 120,000 square feet of amenities at Brooklyn’s +1,000-foot tower
Life Time Group to manage 120,000 square feet of amenities at Brooklyn’s +1,000-foot tower
Skyline Tower in Hunters Point, Queens, and Downtown Brooklyn’s 11 Hoyt are the two largest condo developments in their boroughs. (Skyline Tower, 11 Hoyt, iStock)
TRD Pro: Ranking Brooklyn, Queens condo pipeline hotspots
TRD Pro: Ranking Brooklyn, Queens condo pipeline hotspots
From left: SMA's Samy Mahfar and Gaia's Danny Fishman in front of 99 Allen Street, 177 Ludlow Street, and 102 Norfolk Street in Manhattan (Google Maps, LinkedIn/Sammy Mahfar, GAIA Real Estate)
Gaia, SMA trade LES buildings in busy week for i-sales
Gaia, SMA trade LES buildings in busy week for i-sales
221 Carroll Street and 828 President Street (StreetEasy, iStock)
Carroll Gardens, Park Slope townhouses top Brooklyn luxury contracts list
Carroll Gardens, Park Slope townhouses top Brooklyn luxury contracts list
arrow_forward_ios

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

Loading...