Posts tagged with "9 Dekalb Avenue":

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57th Street comes to Downtown Brooklyn with a possible 1,000-foot tower

Downtown Brooklyn's ever-growing, not-all-that-inspiring, skyline could soon see a 57th Street–style addition. That's right, Brooklyn might be getting its first supertall tower. It was only a matter of time, really. Crain's reported that Michael Stern of JDS Development, which is behind SHoP's very tall 111 West 57th Street, has partnered with Joe Chetrit of the Chetrit Group to build a Brooklyn tower so tall it could rival, or eclipse, the Empire State Building. To do so, the two developers have reportedly purchased the landmarked Dime Savings Bank (and its 300,000 square feet of development rights) at 9 Dekalb Avenue for $90 million from JPMorgan Chase. Stern would use these rights to build a supertall next door at 340 Flatbush Avenue Extension, a site he co-owns with Chetrit. With the combined air rights of that site, the developer duo would have almost 600,000 square feet to work with. Crain's noted that the historic bank could be used as a lobby for the new tower or as a stand-alone retail space. An architect for the project has not yet been named. For those wondering, the iconic Junior's restaurant next to the site isn't going anywhere anytime soon.