Stahl, AvalonBay separately plan for Brooklyn’s tallest tower
From left: Rendering of 388 Bridge Street and 88 Willoughby StreetThe Brooklyn skyline continues to grow, as two planned towers are vying for the title of tallest building in the borough, according to the Wall Street Journal, after the mark was set last year by Equity Residential and the Clarett Group’s the Brooklyner.
Early next year, the Stahl Organization will break ground on a 590-foot residential tower, at 388 Bridge Street in Downtown Brooklyn, that would surpass the height of the Brooklyner, at 111 Lawrence Street, by 76 feet. That building was the first to rise taller than the Williamsburgh Savings Bank Tower, which was built more than 80 years ago to 512 feet tall.
But the Stahl’s achievement may not last long. AvalonBay Communities is working to build a 596-foot rental down Bridge Street at the corner of Willoughby Street. The project still has some hurdles to clear, according to the Journal, and remains in the planning stages. It likely won’t break ground until the end of 2012.
Both AvalonBay and Stahl, which also developed the Laureate on the Upper West Side and L Haus in Long Island City, said the white-hot rental market has compelled them to build big. Large residential development briefly boomed in Brooklyn after waterfront rezonings but largely stalled following the crash. Stahl’s development will have 234 rental units below 144 condominiums, while AvalonBay’s development is slated for 861 rentals. [WSJ]