Brooklyn’s Future Tallest Tower to Hit 1,066 Feet

January 12, 2016

Less than a month ago, developers Michael Stern and Joe Chetrit closed on Downtown Brooklyn‘s Dime Savings Bank building for $90 million, which provided them with the 300,000 square feet of air rights needed to construct Brooklyn’s first 1,000+ foot tower at 340 Flatbush Avenue Extension. Since news of the future tallest building outside Manhattan first came to light in August, the exact height hadn’t been reported. But now NY Yimby has uncovered the number, and it’s a whopping 1,066 feet, amounting to 556,164 square feet of total space.

According to the construction documents referenced by Yimby, the residential portion of the SHoP Architects-designed tower has increased to 463,470 square feet (up from 446,734), but the number of apartments has decreased to 417 (from 495). Residential units begin on the seventh floor, where there will be 12 homes, and culminate on the 69th and 70th stories with two units each. There will be a residents’ lounge complete with outdoor terrace on the fifth floor. As for the commercial space on floors one through four, set to be a mix of office and retail space, the square footage has dropped to 92,694 (down from 140,000). The Dime Savings Bank is landmarked, so it can’t be demolished or altered, and is expected to also become retail space (it’s unclear if that’s factored into the 92,694 square feet).

The permits still need Department of Buildings approval, but sales are expected to launch in mid 2018 with a completion date in 2019. Stay up-to-date on leasing and listings for 340 Flatbush Avenue Extension over at CityRealty.

[Via NY Yimby]


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