Midtown Equities

Concept studies by the design firm SRA Architecture + Engineering (SRAA+E) reveal that an existing five-story commercial building in Downtown Brooklyn may be redeveloped into a dramatic retail and condominium tower. The prominent 19,000-square-foot, triangular site at 205 Montague Street is located at the gateway of Brooklyn Heights and currently holds a 1960s-era marble and glass office-retail building that was picked up by Joseph Cayre's Midtown Equities back in 2010. In 2012, the development firm filed permits doubling the building's size, envisioning a 100-unit residence that would convert the structure's three upper levels into apartments and add another six stories above. The permits, also filed by SRAA+E, were never approved, but in 2012 an insider told the Brooklyn Eagle, “an awful lot more can be built than what's in the Buildings Department plans." Midtown Equities, who is also busy rebuilding the Empire Stores in Brooklyn Bridge Park, could not be reached for comment.
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