Downtown Brooklyn gets another high-rise headed for 511 feet tall

Posted On Tue, May 22, 2018 By

Posted On Tue, May 22, 2018 By In Downtown Brooklyn, New Developments

The new hotspot for tall towers, Downtown Brooklyn, will be getting another contender, CityRealty reports. Revised permits show that a 43-story, 511-foot tower set to rise at 540 Fulton Street will contain 327 residential units along with retail and office space. The building’s height is only about a foot shy of the former Williamsburgh Savings Bank Tower–now condos–which held the title of Brooklyn’s tallest high-rise from 1929 to 2009. The new tower will join Brooklyn’s future tallest towers: 720-foot 138 Willoughby Avenue (Brooklyn Point),986-foot 80 Flatbush, and 1,000+ foot 9 Dekalb.

540 Fulton Street, Downtown Brooklyn
The now-active construction site at 540 Fulton Street (CityRealty)

Jenel Management filed permits for a 19-story, 200,000-square-foot building at the same address in 2016, and 6qft revealed renderings. The most recent permits show 96,592 square feet of commercial space with retail and office space occupying floors 1 through 8, and 236,869 square feet of residential space–about 720 square feet per unit, indicating rental-sized apartments.

A standard menu of amenities looks like it will include storage rooms, bike rooms, a package room, one laundry facility, a business center a gym, and two ninth-floor lounges with terraces. There will also be a roof deck with a lounge. Office workers will be getting two terraces and a bike room.

Marvel Architects is still on board to design the project. The firm’s work can be seen in the nearby 36-story condo One Clinton and luxury rental The Pierrepont.

The new tower replaces an ornate 1891 Romanesque-Revival gem, a two-story structure that was home to a jumble of small retailers. The building’s original tenant was the first Downtown Brooklyn location of F.W Woolworth’s “five-and-dime store.” The building was demolished in December 2015. The expected completion date for the new building is October 2020.

[Via CityRealty]

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Neighborhoods : Downtown Brooklyn

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