Since it opened in 1859, the Dime Savings Bank of Brooklyn has been integral to the history of the borough it calls home. True to its name, you could open a savings account with just a dime. The first person to make a deposit was a man named John Halsey who invested $50. Scores of Brooklynites followed suit, and by the end of the bank’s first business day, 90 people opened accounts; by the end of the first month, more than 1,000 people were depositing at Dime.
But the bank cemented its prominent status in 1908 when the first subway tunnel between Manhattan and Brooklyn opened and Dime moved into its grand neo-classical building on Dekalb Avenue and Fleet Street. After the bank closed in 2002, the landmark still stood in all its former glory, operating as a special event space. Three years ago, JDS Development filed plans to build Brooklyn’s tallest tower adjacent to Dime, incorporating its Beaux-Arts interior as retail space for the project. And with work now underway, 6sqft recently got a behind-the-scenes tour of Dime Savings Bank with Open House New York.
Explore the history and future of Dime Savings Bank
Photos via LPC
The city’s Landmarks Preservation Commission (LPC) on Tuesday officially designated three East Harlem buildings as individual landmarks, marking them as some of the neighborhood’s most culturally significant structures. The landmarks include a former 19th-century meatpacking house and two former public schools. The LPC chair, Meenakshi Srinivasan, said the buildings were designated for their architectural and cultural significance. “They embody East Harlem’s unique development history and recognize the civic institutions and businesses that helped shape the lives of the neighborhood’s immigrant groups,” Srinivasan said in a statement.
The path to its latest incarnation just got easier for the historic Dime Savings Bank of Williamsburgh’s full restoration as part of Charney Construction and Tavros Capital’s development of a new 22-story residential tower next door at 209 Havemeyer Street. As New York Yimby reports, on Tuesday the Landmark Preservation Commission gave the go-ahead to the proposed design for the new development in the Williamsburg neighborhood and agreed to designation hearings for the historic building as a new landmark.
Find out more
About a month ago we were treated to a lone rendering of Brooklyn’s future tallest tower at 340 Flatbush Avenue Extension (now re-dubbed 9 DeKalb Avenue) that showed its full 1,066-foot height, towering against the rest of Downtown Brooklyn. Now, Curbed has spotted a full set of views, these showing more facade details and close ups of the building’s triangular base next to the historic Dime Savings Bank.
All the renderings ahead
A little over a month ago, 6sqft learned that Brooklyn’s first 1,000+ foot tower, designed by SHoP Architects, would rise a whopping 1,066 feet, amounting to 556,164 square feet of total space. It all started back in 2014 when developers Michael Stern and Joe Chetrit purchased 340 Flatbush Avenue Extension (a five-story mid-century building that takes up about one third of the triangular site in Downtown Brooklyn) for $46 million with plans to demolish it. Then, in December, they closed on the adjacent Dime Savings Bank building for $90 million, providing 300,000 square feet of air rights needed to construct the 73-story tower.
Along with a new rendering, a piece today in the Times reveals some additional details, namely that the supertall will have nearly 500 rental units, at least 20 percent of which will be affordable under the city’s 421-a program. But there’s one issue that could make things a little complicated…
More on that, here
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.
It’s official, developers Michael Stern and Joe Chetrit have closed on the Dime Savings Bank building at 9 DeKalb Avenue in Downtown Brooklyn for $90 million, providing them with the air rights needed to build the borough’s tallest tower. According to Crain’s, who first broke the news, Stern and Chetrit will be able to transfer the bank building’s 300,000 square feet of unused development rights to the new structure’s site at 340 Flatbush Avenue Extension. As 6sqft previously reported, the new tower will soar more than 1,000 feet and is being designed by SHoP Architects. It will also be the city’s tallest building outside of Manhattan when complete.
on the deal here
News broke back in August that Brooklyn’s first tower over 1,000 feet might rise in Downtown Brooklyn as the result of the $90 million acquisition of Brooklyn’s landmarked Dime Savings Bank building by JDS Development. Previously, they bought the site next door for $43 million, and combined with the bank’s 300,000 square feet of development rights, they acquired the means to build a tower of nearly 600,000 square feet at 340 Flatbush Avenue Extension.
6sqft got a taste of what’s to come when we revealed a video that showed the insane views from the top of the could-be tower, but now Yimby has unveiled the official renderings and specs for the project, which come courtesy of starchitects SHoP. As previously speculated, it will reach 1,000 feet, making it the tallest building in the outer boroughs. The 90-story, vaguely Art Deco tower will have 466,000 square feet of residential space, amounting to 550 condo units, as well as 140,000 square feet of commercial space.
More on the development ahead
, Fri, September 25, 2015
Seeing the boroughs from sky-high heights is nothing new thanks to all the supertall towers in Manhattan, but it’s not as common to have a panoramic view of our main island, which is why we had to share this video. JDS Development posted the short clip on their Instagram stream yesterday that shows potential views from their upcoming mixed-use skyscraper planned for Downtown Brooklyn using air rights from the Dime Savings Bank site. If constructed as intended, it will be the first 1,000+ foot tower outside of Manhattan. The nine-second video, whose camera height seems nearly eye-level to the 1,368-foot roof of One World Trade Center, depicts far-reaching, panoramic views to the west and northwest over Manhattan and beyond.
Check it out here
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.
find out more about the planned Brooklyn skyscraper