HomeDiagramsDatabaseMapsForum
     

Go Back   SkyscraperPage Forum > Global Projects & Construction > Proposals

    

141 Willoughby Street in the SkyscraperPage Database

Building Data Page   • New York Skyscraper Diagram
New York Projects & Construction Forum
            
View Full Map

Reply

 
Thread Tools Display Modes
     
     
  #1  
Old Posted Jan 20, 2014, 4:02 PM
NYguy's Avatar
NYguy NYguy is online now
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 37,203
Smile NEW YORK | 141 Willoughby St | FT | 44 FLOORS

http://www.crainsnewyork.com/article...al-possibility

Brooklyn deal raises residential possibility
The sale of the building across from the City Point mega-project highlights not only downtown Brooklyn's large-scale development,
but the desirability of sites citywide that can accommodate apartment towers.






By Daniel Geiger
January 17, 2014


Quote:
The real estate investment firm Savanna has acquired a development site across the street from one of Brooklyn's largest construction projects.

Savanna purchased 141 Willoughby St., a three-story building in downtown Brooklyn, for an undisclosed price from the Institute of Design and Construction, a school that provides construction training and that occupied part of the property. The site could support a fresh development of up to 240,000 square feet.

It sits just across the street from City Point, a massive new development with more than 500,000 square feet of retail space and two residential towers as well as a third residential spire at least 60-stories high on the drawing board.

Savanna, which has been successful in the city in recent years buying real estate assets at opportune moments, like some other prominent owners, such as TF Cornerstone, is now taking its stake in the area's transformation.

"141 Willoughby St. is a prime location in downtown Brooklyn and we see tremendous future value in this ... property," Christopher Schlank, a managing partner at Savanna, said in a statement. "We are thrilled to be a part of the ongoing transformation of the immediate area."

Savanna can build up to 120,000 square feet of residential space on the site, according to Vincent Battista, president and chairman of the board for the Institute of Design and Construction. But, by securing a special permit from the city, up to double that amount of space can rise on the site. Mr. Battista said it was likely that Savanna could secure such a waiver, since the City Point development was zoned for high-rise development.

"Much of the surrounding area allows for large towers to be constructed," Mr. Battista said. "We expect that it is a reasonable request to change the zoning here so that this site too can benefit from higher density."


Neither Mr. Battista, nor Savanna, would disclose the purchase price in the deal, but Mr. Battista said it was structured in a way in which the Institute of Design and Construction will receive a bonus payment if Savanna is able to successfully rezone the land for a larger building. The school, which prepares as many as 120 students yearly for careers in the construction field with courses such as estimating and blueprint reading, will look for another home.

"We're looking to lease about 20,000 square feet of space nearby," Mr. Battista said.

He said the city's hot sales market convinced the school to sell the building. Prices have risen in particular for development sites that can accommodate apartment towers.

"We can sustain our operations for 20 years on the proceeds of this sale," Mr. Battista said.
__________________
NEW YORK. World's capital.

“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.
Reply With Quote
     
     
  #2  
Old Posted Feb 4, 2014, 2:24 AM
NYRebel NYRebel is offline
aka Studdedleather
 
Join Date: May 2012
Location: New York City
Posts: 179
This is great! Hopefully we will see Brooklyn's super tall here.

Hopefully it also doesn't take 20 Years to get going.
Reply With Quote
     
     
  #3  
Old Posted Feb 4, 2014, 9:32 AM
NYguy's Avatar
NYguy NYguy is online now
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 37,203
Quote:
Originally Posted by NYRebel View Post
This is great! Hopefully we will see Brooklyn's super tall here.

Hopefully it also doesn't take 20 Years to get going.

You won't see a supertall here. Maybe something along the lines of 40 to 50 floors. Could go a little higher.


Quote:
The site could support a fresh development of up to 240,000 square feet.

Savanna can build up to 120,000 square feet of residential space on the site, according to Vincent Battista, president and chairman of the board for the Institute of Design and Construction. But, by securing a special permit from the city, up to double that amount of space can rise on the site.














__________________
NEW YORK. World's capital.

“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.

Last edited by NYguy; Feb 4, 2014 at 9:44 AM.
Reply With Quote
     
     
  #4  
Old Posted Feb 4, 2014, 9:38 AM
Fardeb Fardeb is offline
Registered User
 
Join Date: Jun 2012
Posts: 100
Well regardless of how tall it is I hope its high quality, this is a pretty prominent site.
Reply With Quote
     
     
  #5  
Old Posted Feb 4, 2014, 10:05 AM
Perklol's Avatar
Perklol Perklol is offline
BANNED
 
Join Date: Apr 2013
Location: Somewhere
Posts: 1,460
This could end up being a thin taller tower. I think the city will allow them to build taller for some affordable housing.
Reply With Quote
     
     
  #6  
Old Posted Feb 4, 2014, 9:57 PM
NYguy's Avatar
NYguy NYguy is online now
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 37,203
It will be a thin tower, but keep in mind this isn't Manhattan.
__________________
NEW YORK. World's capital.

“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.
Reply With Quote
     
     
  #7  
Old Posted Feb 22, 2014, 8:58 PM
Perklol's Avatar
Perklol Perklol is offline
BANNED
 
Join Date: Apr 2013
Location: Somewhere
Posts: 1,460
Quote:
Originally Posted by NYguy View Post
It will be a thin tower, but keep in mind this isn't Manhattan.
Yeah true. Somewhere around 40-50 floors sounds reasonable/realistic. Maybe it won't be a surprise if the city grants them that waiver they are seeking.

Last edited by Perklol; Apr 7, 2014 at 2:56 AM.
Reply With Quote
     
     
  #8  
Old Posted Mar 19, 2014, 2:52 PM
NYguy's Avatar
NYguy NYguy is online now
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 37,203
http://www.rew-online.com/2014/03/19...illoughby-buy/

Savanna secures $22M for 141 Willoughby buy


By REW Staff
March 19, 2014


Quote:
Pembrook Capital Management LLC just closed a $21.8 million bridge loan to fund the acquisition by Savanna Partners of a Downtown Brooklyn development site near the Barclays Center.

Savanna purchased the site at 141 Willoughby Street immediately adjacent to the two million-square-foot, $1 billion multi-phased mixed-use development known as City Point for an undisclosed amount in January 2014.

The company plans to construct a residential building with ground floor and lower-level retail space.

“Downtown Brooklyn has become one of New York’s most exciting neighborhoods,” said Stuart J. Boesky, CEO of Pembrook. “You have outstanding transportation infrastructure combined with an enormous variety of real estate demand drivers – businesses, government offices, colleges, cultural institutions, and sporting events. With the stellar location of the site and the involvement of Savanna Partners, a seasoned developer, we believe this project will be a success.”
__________________
NEW YORK. World's capital.

“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.
Reply With Quote
     
     
  #9  
Old Posted Dec 31, 2014, 10:31 PM
NYguy's Avatar
NYguy NYguy is online now
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 37,203
http://www.6sqft.com/revealed-141-wi...main-takeover/

141 Willoughby, 30-Story Mixed-Use Tower to Replace Site Once Slated for Eminent Domain Takeover





DECEMBER 31, 2014
BY ONDEL HYLTON


Quote:
A Downtown Brooklyn school once planned to be seized through eminent domain will sprout a 30-story mixed-use tower by Savanna Partners. Renderings posted on Savanna’s website reveal a glass tower at 141 Willoughby Street with a retail base, student housing, and commercial or residential space above. The project will replace the three-story building that’s home to the Institute of Design and Construction, a 77-year-old technical college.

Back in 2004, during the approval process for the massive Downtown Brooklyn Rezoning, the city planned to exercise the power of eminent domain to demolish the structure to create better sight lines from Flatbush Avenue to the planned 1.5-acre Willoughby Plaza across the street. With outcry from the school and public officials like then-councilwoman Leticia James and former Borough President Marty Markowitz, city planners removed the building from the chopping block.

Last year, the Brooklyn Eagle reported that the college had sold their building to Savanna Partners for a hefty $28 million. The site sits just across the street from the CityPoint superblock development that will bring three residential towers and 500,000 square feet of retail to the neighborhood and diagonally across from the planned Willoughby Square Park, a street-level public space that will sit atop an underground parking garage. According to Crain’s, Savanna can construct a 120,000-square-foot residential building as of right at the site, but will seek a special permit to double the tower’s size.












http://www.cityrealty.com/nyc/downto...=141+willoughb
__________________
NEW YORK. World's capital.

“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.
Reply With Quote
     
     
  #10  
Old Posted Jan 2, 2015, 8:51 PM
Gantz Gantz is offline
Registered User
 
Join Date: Mar 2013
Posts: 197
I don't get it. Why is this spot zoned for such low density? This building is literally right across the street from a train station, and 1 block away from another one, and 2 blocks away from Atlantic terminal, with huge sidewalks on all of the sides...If this building had 60 stories, it still wouldn't impact street level crowds. What else determines density?
Reply With Quote
     
     
  #11  
Old Posted Aug 18, 2015, 2:00 PM
chris08876's Avatar
chris08876 chris08876 is offline
Registered User
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 23,020
Savanna wants a rezoning to build 44-story tower in Brooklyn

Quote:
In exchange for rezoning its Downtown Brooklyn development site, the Savanna Group is planning to set aside 30 percent of the project’s apartments for affordable housing, a figure that sits the high end of the mandatory inclusionary housing program the mayor’s office is set to unveil in the coming weeks. The Midtown-based development firm is asking the city to rezone the development site it bought in early 2014 at 141 Willoughby Street, joining projects like 1.8-million-square-foot City Point, JDS Development’s 340 Flatbush Ave. Extension and Avalon Bay’s Ava DoBro that are reshaping the neighborhood’s skyline. Savanna filed an application to rezone the site to erect a 44-story, 310,000-square-foot building. The company bought the property for $28 million in January 2014 during the earliest days of Mayor Bill de Blasio’s administration. In a trade for the additional square footage, the developer is planning on setting aside 81 of the building’s 270 units – or 30 percent – as affordable housing. City Hall is reportedly finalizing its mandatory inclusionary zoning program, which will require developers to set aside either 25 or 30 percent of their projects’ apartments as affordable housing in exchange for a rezoning. The local council member, not the developer, would decide the appropriate ratio. Downtown Brooklyn Councilman Stephen Levin, who represents the area, could not be immediately reached for comment. Savanna declined to comment. At a press conference earlier this month, de Blasio walked back on his campaign promise that mandatory inclusionary zoning would lead to the construction of 50,000 affordable units. Savanna’s plan for the mixed-use building includes some 28,000 square feet of retail on the ground and second floors, with another 34,000 feet of office space on the third and fourth floors.
=====================
http://therealdeal.com/blog/2015/08/....D3O5exOP.dpuf
Reply With Quote
     
     
  #12  
Old Posted May 20, 2016, 10:03 PM
chris08876's Avatar
chris08876 chris08876 is offline
Registered User
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 23,020
Community Board 2's Land Use Committee says no to development plan for 141 Willoughby St. in Downtown Brooklyn



Quote:
No. No. No.

A 49-story luxury-apartment tower with affordable units that developer Savanna wants to build at 141 Willoughby St. would be bigger and taller than previously planned.

Community Board 2's Land Use Committee — upset about increasingly overburdened infrastructure in Downtown Brooklyn due to a slew of residential development — gave Savanna's proposed project a thumbs-down on Wednesday night.

After a public hearing, the committee voted not to approve zoning changes that Savanna needs in order to increase the amount of space it would be allowed to build at the site.

“We're seeing additional stress on our infrastructure,” committee member Bill Flounoy said at the hearing, which was held at NYU Tandon School of Engineering's Dibner Building.

Community Board members were displeased to discover that the development plan for 141 Willoughby doesn't include any improvements for Downtown Brooklyn's infrastructure, or a school.

Mark Spector, a city Economic Development Corp. rep, said at the hearing that the floor plates of the proposed building would be too small to be suitable for a public school.

Community Boards advise city agencies on a wide range of civic issues but do not have actual veto power over development projects.

As the Brooklyn Eagle previously reported, Savanna bought 141 Willoughby for $28 million in January 2014. The site is currently occupied by a small building that houses the Institute of Design and Construction. It's across the street from City Point, a mammoth mixed-use development.

At the public hearing, Greenberg Traurig attorney Jay Segal, who represents Savanna, gave the dimensions of 141 Willoughby's proposed design:

* It would be 49 stories tall and nearly 420,000 gross square feet in size.

* There would be apartments on the top 40 floors of the building.

* There would be 270 apartments — and 81 of them (30 percent of the total) would be affordable units.

* Beneath the apartments, there would be seven floors of office space.

* Retailers would use the first two floors of the building and the cellar.
=========================
http://www.brooklyneagle.com/article...-willoughby-st
Reply With Quote
     
     
  #13  
Old Posted May 21, 2016, 2:35 AM
Crawford Crawford is online now
Registered User
 
Join Date: Nov 2003
Location: Brooklyn, NYC/Polanco, DF
Posts: 16,292
Nice. 49 floors is a big improvement.

Good thing the Community Board is just advisory. As expected, they voted against the project (once again exposing Community Boards as hypocritical jokes who really aren't interested in offers of affordable housing, schools, or parks, they just want to block development), and then the Department of City Planning will ignore them, like always.

Given that the lower part of the building will be office and retail space, I guess this building is around 600 ft. or so? Maybe a bit higher?
Reply With Quote
     
     
  #14  
Old Posted May 21, 2016, 9:22 AM
chris08876's Avatar
chris08876 chris08876 is offline
Registered User
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 23,020
Yeah I'd say 600 ft or so. Probably something like in the low 600's. Solid filler which is nice. If I come across any schematics I'll try to post em.

Quote:
Originally Posted by NYRebel View Post
This is great! Hopefully we will see Brooklyn's super tall here.

Hopefully it also doesn't take 20 Years to get going.
I know this comment is from 2014, but how times have changed. Hell, back in 2012, none of us would've thought we'd be seeing work and plans for a super tall in LIC or Dobro at all. May 2016 bless us with even more great fortune.
Reply With Quote
     
     
  #15  
Old Posted Oct 5, 2016, 8:26 PM
NYguy's Avatar
NYguy NYguy is online now
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 37,203
http://gothamist.com/2016/10/05/down...air_rights.php

Developer Wants City Park's Air Rights For 49-Story Tower





BY EMMA WHITFORD
OCT 5, 2016


Quote:
A Manhattan developer is angling to purchase a small, city-owned park in Downtown Brooklyn and apply that park's air rights to a proposed 49-story mixed-use tower.

The equity firm Savanna purchased 141 Willoughby Street in 2014 for $28 million, and the park adjacent to that address could allow for an additional 19 stories on the project if the city votes to up-zone—a move locals and council members caution could set a dangerous president.

The triangular park at the intersection of Gold Street and Flatbush extension, valued at $4.8 million, currently belongs to the Department of Housing Preservation and Development. A deed restriction would require the land, which comes with 47,718 square feet of air space, to remain a park.

Savanna's development proposal is a joint proposal with the city's Department of Economic Development. "EDC and Savanna signed a contract in May 2016," said Jeffrey Nelson, EDC's Executive Vice President for Real Estate Transaction Services, at a city council zoning hearing on Wednesday. "The development program adds much needed office space, delivers ground floor retail, and provides an enhanced public open space."

The Brooklyn Chamber of Commerce testified its "full support" of the project, citing the seven stories of "critically-needed" office space.
But City Council Land Use Committee Chair Donovan Richards reprimanded the EDC on Wednesday for throwing its support behind a plan that many local residents oppose. While the EDC has heralded the project for bucking the trend of unbridled residential development in the area, many neighbors have countered that the 270 proposed apartments—81 of them below-market rate—will further saturate the neighborhood's overcrowded schools, as well as public transit and utilities. According to the New York Times, there are 19 residential towers either recently finished or in development in the 10-block Downtown Brooklyn area between the Barclays Center and Myrtle Avenue.

Many locals would sooner see a new elementary school included in the project, though the EDC says the site is too small to accommodate a school.

The plan "is sort of being forced down the council's throat in one sense, to say we need to make a [zoning] exception here," Richards told Nelson. "I hope that if there are other joint applications, we are having these conversations much earlier [in the process]."
According to Richards, thanks to the EDC's early endorsement, the up-zoning plan is "already halfway baked."

Throughout Wednesday's hearing, community members and members of the council, including Downtown Brooklyn Councilmember Steve Levin, expressed concern that the proposal—which has been rejected by local Community Board 2 in its advisory capacity but approved by the City Planning Commission—would inspire future developers seeking to maximize their profits.

"Every developer who owns a site in Downtown Brooklyn is going to see what we do here—is going to point to the city's actions on this site—and say, 'We want that.' And there's still no elementary school in Downtown Brooklyn," Levin said. "You can see why this causes concern."

"On the surface it might seem like it's no big deal: one 49-story tower," said Brooklyn Heights resident Allan Rosen, adding, "But the skyline of Downtown Brooklyn could end up looking like that of Hong Kong or Dubai."

"It's like having two kids right?" Richards added. "If you give one a lollipop, you have to give the other one a lollipop."

The 141 Willoughby Street site is directly across the street from City Point, an in-progress mixed-use development that will eventually include a much-hyped dine-in movie theater, a Trader Joe's, and a 59-story tower at 138 Willoughby Street. Two blocks south, at 9 DeKalb Avenue, developers have approval to construct Brooklyn's tallest residential tower, clocking in at 73 stories.

"The building would not be out of scale with the neighborhood," said Greenberg Traurig attorney Jay Segal, who represents Savanna. "There will be several other buildings that will be taller than us."

"What options exist to make school seats?" wondered an exasperate Levin, as testimony wore on. "What mechanism does EDC even have?"

While Nelson was quick to assure Levin that adding new school seats is EDC's "first and foremost" priority, he alluded to a lack of incentive for developers to build school space under the current zoning in Downtown Brooklyn.

"That school would be taking up [land] that would otherwise be residential, or retail, or commercial. So one would expect that the developer would want to be compensated for that change in use," he said. "And that's an expensive proposition."
__________________
NEW YORK. World's capital.

“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.
Reply With Quote
     
     
  #16  
Old Posted Oct 5, 2016, 11:03 PM
chris08876's Avatar
chris08876 chris08876 is offline
Registered User
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 23,020
Quote:
"On the surface it might seem like it's no big deal: one 49-story tower," said Brooklyn Heights resident Allan Rosen, adding, "But the skyline of Downtown Brooklyn could end up looking like that of Hong Kong or Dubai.
Might be exaggerating a bit lol... but hell, if DoBro's skyline starts to look like Hong Kong, more power to the city!

Although on a tangent, but... NYC with DoBro, LIC, and the Gold Coast, with two rivers and developments springing up on all sides, a Hong Kong like effect is somewhat occurring. Manhattan is no longer the skyscraper borough. Brooklyn is growing, and Queens is shooting up like bamboo.

I hope this 600 ft. At 49 floors, 120k sq ft of rights, small parcel, yeah, it very well may be. Like 580 ish with mechanical, 600 ft. That's my prediction.
Reply With Quote
     
     
  #17  
Old Posted Nov 2, 2016, 3:02 PM
NYguy's Avatar
NYguy NYguy is online now
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 37,203
http://therealdeal.com/2016/11/02/sa...obro-building/

Savanna scores partial win with DoBro building
City council agreed to rezone site at 141 Willoughby to allow 310K sf structure with 203 apartments





November 02, 2016


Quote:
The City Council has agreed to a rezoning that will allow Savanna to build its mixed-use development in Downtown Brooklyn — but it is a significantly scaled-back version of what the developer was originally seeking.

On Tuesday, the zoning subcommittee voted to rezone the site at 141 Willoughby Street to allow a building with a floor area ratio of 15, Politico reported. That gives Savanna the right to build a roughly 44-story, 310,000-square-foot structure with 124,000 square feet of commercial space. The building would have 203 apartments — 61 of which must be rented at below-market rates, under rules set out by Mayor Bill de Blasio’s Mandatory Inclusionary Housing policy.

The agreement is a curtailed version of the plan Savanna — who paid $28 million for the site in 2014 — first took to the City Council. The developer had initially requested a rezoning that would have allowed a floor area ratio of 18, with a 372,000-square-foot, 49-story, mixed-use development. That plan would have paved the way for 270 new apartments, 81 of which would be set aside for below-market-rate tenants. Current zoning allows for a 15-story, 134,000-square-foot building

Savanna’s plan had been criticized by Speaker Melissa Mark-Viverito and Downtown Brooklyn council member Stephen Levin, who took issue with some elements of the development, notably the density of the project and the impact it could have on schools and other infrastructure.

This new agreement, reached Tuesday, all but guarantees the project will be approved by the 51-member legislative body in the next few weeks.
__________________
NEW YORK. World's capital.

“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.
Reply With Quote
     
     
  #18  
Old Posted Mar 23, 2017, 8:07 PM
PeterQM PeterQM is offline
Registered User
 
Join Date: Oct 2014
Location: Brooklyn, NYC
Posts: 308
Savanna Partners' 141 Willoughby Street Readies for Demolition
March 23, 2017
Quote:
Last fall, Savanna received the go-ahead to build a mixed-use tower at 141 Willoughby Street in Downtown Brooklyn. Now, the three-story building once the home of the Institute of Design and Construction is being prepped for demolition. The building was sold to investment firm Savanna Partners in 2014 for $28 million and the then nearly 70-year-old architectural school closed its doors in 2015. Demolition permits were filed last year and since then the building’s storefronts have been boarded up






More DETAILS & RENDERINGS here.
Reply With Quote
     
     
End
 
 
Reply

Go Back   SkyscraperPage Forum > Global Projects & Construction > Proposals
Forum Jump


Thread Tools
Display Modes

Forum Jump


All times are GMT. The time now is 6:27 PM.

     

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.