Rendering of 340 Flatbush Avenue Extension in Downtown Brooklyn (credit: SHoP) (inset, from left: Michael Stern and Joseph Chetrit) (Chetrit photo credit: Patrick McMullan)
It looks like Michael Stern and Joseph Chetrit really are going big in Brooklyn.
JDS Development Group’s latest round of permit applications for 340 Flatbush Avenue Extension in Downtown Brooklyn indicate the planned residential tower on the site will top out at more than 1,000 feet.
The 73-story structure – which will hit 1,066 feet in height, to be exact – will span more than 556,000 square feet in total, according to New York YIMBY. The development is now set to house 417 apartments spread out over more than 463,000 square feet of residential space.
The building’s first four floors will feature both retail and office space, while the fifth floor will hold a residential lounge with an outdoor terrace. Apartments start on the seventh floor, which will house 12 units, while the unit count will gradually decrease as the floors climb – with only two units on each of the 69th and 70th stories.
The SHoP Architects-designed project’s commercial portion, while scaled down from previous plans, will still span nearly 93,000 square feet at the base of the tower. The Tribeca-based architectural firm is also behind JDS’s skinny, supertall residential tower at 111 West 57th Street in Midtown.
JDS and partner Chetrit Group’s initial plans for the Downtown Brooklyn site, which they acquired for $43.5 million in 2014, called for a 775-foot-tall building. But the firms’ subsequent acquisition of the adjacent Dime Savings Bank for $90 million brought it an additional 300,000 square feet of air rights that pushed it above the 1,000-foot mark.
The city’s Department of Buildings has yet to approve the project’s permits, though the development is tentatively set for a 2019 completion date. [NY YIMBY] – Rey Mashayekhi