First 1,000+ Foot Tower Outside Manhattan May Rise in Downtown Brooklyn

August 5, 2015

Rendering based on potential height, via CityRealty

As the result of the $90 million acquisition of Brooklyn’s landmarked Dime Savings Bank building by developers Michael Stern (111 West 57th) and Joe Chetrit, a new residential skyscraper in Brooklyn could nearly reach the height of the Empire State Building.

The historic Neo-Roman building at 9 DeKalb Avenue in Downtown Brooklyn–next door to the famed Junior’s Restaurant–comes with 300,000 square feet of development rights, which, combined with existing air rights next door at 340 Flatbush Avenue Extension (which the pair bought last summer for $43 million), could be used to build an adjacent tower of nearly 600,000 square feet. The likelihood of a tower that reaches between 1,000 and 1,200 feet has been mentioned by sources close to the deal.

Dime Savings Bank Brooklyn

No building outside Manhattan has bested 1,000 feet–and few Manhattan buildings do. The Empire State Building clocks in at 1,250 feet (1,454 including its spire). A 1,775-foot residential tower is currently being developed by Extell Development at 217 West 57th Street–the tallest one to approach that height currently.


Stern has made news for his slender and controversial 1,400-foot apartment tower currently under construction at 111 West 57th Street. Similarly, the 9 Dekalb deal would combine a landmarked structure with new construction to create a luxury residential property. The 150-year-old landmarked bank building could be used as a lobby entrance for the new residential tower or as retail space.

[Via Crains]


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