I did a quick mockup of what a 1000 footer might look like here -
That mockup brings home the idea, and yes, I think it should have a spire. It's still New York. (BTW, quite a few towers aren't in the render)
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
JPMorgan Chase asking $100M-plus for ex-Brooklyn bank
Former site of Dime Savings holds hundreds of thousands of unused development rights
December 18, 2014
Quote:
JPMorgan Chase is putting the former Dime Savings Bank of New York in Downtown Brooklyn on the market for more than $100 million.
The landmarked bank hired a Massey Knakal Realty Services team led by Bob Knakal and James Nelson to market the neo-Roman building at 9 DeKalb Avenue, Crain’s reported. Chase is relocating its operations there to 490 Fulton Street, also in Downtown Brooklyn.
“This is an incredible asset that is one of the best buildings to hit the market in Brooklyn,” Knakal told Crain’s. “It holds a lot of exciting possibilities.”
The site boasts hundreds of thousands of unused development rights, which could be sold to the buyer of the Junior’s site at 386 Flatbush Avenue next door, as previously reported.
B'klyn landmark could become $100M-plus buy
JPMorgan Chase puts old Dime Savings Bank, next door to Junior's, on the market. Air rights account for bulk of its value.
BY DANIEL GEIGER
DECEMBER 18, 2014
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Even more valuable than the building itself are the 285,000 square feet of development rights that come with the landmark. Residential construction in downtown Brooklyn is booming, and as Crain’s previously reported, the Dime Savings Bank building sits next to several potential development sites that could be the locations of some of the tallest towers in the borough.
Among those who could get a big height boost to their project is developer Michael Stern, who is planning to erect a residential tower at 340 Flatbush Ave. Extension that is eligible to receive additional air rights from the bank. The bank building also abuts the famous Brooklyn eatery Junior's, whose owner has floated the idea in recent months of selling the property. A buyer of that site could also utilize the bank's air rights to build a soaring tower.
__________________ NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
JDS, Chetrit could build 1,000-foot resi tower in Brooklyn
Quote:
Apparently, Michael Stern has a penchant for height. After introducing one of the tallest towers in the city to Billionaires’ Row — the more than 1,400-square-foot tall 111 West 57th Street, which Stern’s JDS is co-developing with Property Markets Group — the developer is now contemplating building the tallest residential skyscraper in Brooklyn, according to Crain’s. Stern and partner Joseph Chetrit‘s the Chetrit Group are buying the former Dime Savings Bank of New York at 9 Dekalb Avenue for $90 million from JPMorgan Chase. The landmarked site comes with roughly 300,000 square feet of development rights. Stern and Chetrit could use the rights to build a roughly 600,000-square-foot tower next door at 340 Flatbush Avenue Extension, which the pair already own. If realized, it’d be the tallest tower ever built in Brooklyn. To date, no towers have exceeded 1,000 square feet in the outer boroughs, according to the website. The exact height of the tower is unknown, but will likely be between 1,000 and 1,200 feet. Cushman & Wakefield’s Bob Knakal represented the landlord.
Brooklyn's skyline is already respectable as viewed from the harbor. After its current boom, it might just be able to boast being one of the USA's top ten. Manhattan, Chicago, San Francisco, Miami, Seattle, LA, Houston, Philly, Boston and Atlanta are what pop into mind first. But this beast is also waking:
I agree. I think its nice that taller structures are appearing outside of Manhattan. I kinda like that. Gives even more bulk to a already massive skyline. I'm just waiting for the boom to really revitalize Newark. There's some activity going on there, but not on the level of JC, and I'd like to see even more skyscrapers in NJ largest city. Honorable mentions to LIC as well which will look like DoBro in a few years as construction signs litter the area.
Possibility of 1000-1200 feet is a tease. Although this sounds like a recipe for fierce NIMBY opposition. In the end though, a potential such as this could be a catalyst for other such towers essentially making DoBro an extension of Lower Manhattan. With lots of space, lots of potential.
Although this sounds like a recipe for fierce NIMBY opposition.
There's no one really living around this general area. I doubt there would be any NIMBY opposition. NIMBYs don't really care about areas where they don't live.
And the tower is as-of-right, so it doesn't matter. The developer can built as tall as he wants.
Possibility of 1000-1200 feet is a tease. Although this sounds like a recipe for fierce NIMBY opposition. In the end though, a potential such as this could be a catalyst for other such towers essentially making DoBro an extension of Lower Manhattan. With lots of space, lots of potential.
This building is good to go. Most of this area is commercial which means zero complaints. .
Just for people new to the project, the site of the likely supertall is 340 Flatbush Avenue Extension and not the Junior's bakery property at 386 Flatbush. Some posts should probably be moved over there since Junior's has stated they are not selling their property anytime soon (as far as we know) (or just combine the threads as the discussion is not necessarily off topic).
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“The juxtaposition of a historic landmarked building with a modern tower that will be symbolically over 1,000 feet tall will be incredible,” the source added.
The tower will house luxury condos along with a “cool retail” component, source said.
Brooklyn getting a 1,000FT + and LIC getting a 915FT Tower at Queens Plaza.. Signature supertall and almost supertall in the outer boros. If you haven;t noticed over the last 5-10 years..It's not just Manhattan..the waterfront from Long Island City down to below the Brooklyn Bridge has had some much construction already and has dozens of new big projects in the works!
This NYC construction boom is just insanely AWESOME!!!
There's no one really living around this general area. I doubt there would be any NIMBY opposition. NIMBYs don't really care about areas where they don't live.
And the tower is as-of-right, so it doesn't matter. The developer can built as tall as he wants.
Never underestimate NYC's NIMBYs. Remember Hudson Yards? Nobody lived there, either. Hudson Yards was supposed to have unlimited FAR, but this was nixed because of NIMBYs.
That said, I do think that since this site is as-of-right, the NIMBYs will cry but nothing will come of their complaints.
Developers close deal that allows Brooklyn's tallest tower
Quote:
Developers Michael Stern and Joe Chetrit have completed their previously announced $90 million purchase of the century-old Dime Savings Bank building in downtown Brooklyn, allowing them them to build the city's tallest tower outside Manhattan.
The pair bought 9 DeKalb Ave. from JP Morgan Chase, which had used the space as a bank branch before putting the property on the market a year ago. As Crain's previously reported, the developers entered into a contract this past summer to purchase the landmarked 100,000-square-foot Beaux Arts building, which was completed in 1908.
Stern and Chetrit can transfer the property's 300,000 square feet of unused development rights to an adjacent site they own at 340 Flatbush Ave. Extension. That will allow them to build a 600,000-square-foot residential tower that will be more than 1,000 feet high. SHoP Architects will design the tower project, which will have both rental and condominium apartments.
Stern and Chetrit plan to lease 9 DeKalb Ave. as retail and restaurant space. The building, with its decorative ceilings and marble columns, may also serve as a grand entrance to the tower. Stern has previously joined historic structures to new construction. He converted a former Verizon facility on West 18th Street into a luxury condo building called Walker Tower. At 111 W. 57th St., he is erecting a 1,400-foot ultraluxury condo tower that will preserve and incorporate the landmarked former Steinway & Sons piano showroom.
Bob Knakal, Cushman & Wakefield's chairman of investment sales, along with colleagues James Nelson and Stephen Palmese, handled the sale for JPMorgan Chase.
"This transaction is indicative of the strength of both the retail and development markets in Brooklyn," Knakal said. "It paves the way for an iconic structure that will forever impact the Brooklyn skyline."
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