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Old Posted Jul 1, 2014, 12:31 AM
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NYguy NYguy is offline
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Join Date: Jul 2001
Location: Borough of Jersey
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I'm suspecting that JDS already has either the Junior's site or the air rights from the landmark next door.


Going back a bit..


http://www.nydailynews.com/life-styl...icle-1.1815243

JDS Development and Chetrit Group snap up Downtown Brooklyn site for new tower
Site is on one of Brooklyn's busiest corners





June 3, 2014


Quote:
A new residential tower may be coming to one of Brooklyn's busiest corners.

A big Manhattan real estate player has snapped up an old office building across the block from Downtown's giant City Point development and has plans to raze it to make way for a new condo or rental building, sources told the Daily News.

The developer, JDS Development, bought the site at 340 Flatbush Ave. Ext., for $43.5 million, in partnership with former Chelsea Hotel owner the Chetrit Group.

The 174,000 square feet the developers can build as of right at the site could be configured in various ways, including as a stumpy 12-story building or as a slender tower with setbacks.

JDS CEO Michael Stern declined to comment on the transaction.

JDS and Chetrit will be building into what's becoming a fully-fledged rental development boom in Downtown Brooklyn, with giant rental towers like the 53-story 388 Bridge Street and the 57-story 188 Willoughby Street hitting the market.
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