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  #1  
Old Posted Sep 25, 2014, 7:42 PM
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Smile NEW YORK | One Willoughby (420 Albee Square) | 600 FT | FLOORS

65-Story Tower Coming to 420 Albee Square, Downtown Brooklyn

Current Site: (Currently empty parking lots)



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Quote:
Downtown Brooklyn continues to gain serious height, and the neighborhood’s largest filing of the Great Permit Frenzy of 2014 has come in for 420 Albee Square, which JEMB Realty is developing. The new building permit lists SLCE as the architect of record, and the tower will stand 65 stories and 620 feet tall, becoming one of the tallest buildings in the borough.

As-is, 420 Albee Square will rise higher than either 388 Bridge — Brooklyn’s current tallest — or the Avalon Willoughby Square, which will soon eclipse it. Both of those towers crest just under the 600-foot mark.

Permits for JDS’ 340 Flatbush Ave. Extension would make that building the tallest by far, standing nearly 800 feet tall, and the third phase of City Point could also rise to a similar height. While 420 Albee Square is major compared to the current skyline, it will actually be fairly contextual to the Downtown Brooklyn of the 2020s, which will become increasingly prominent from perspectives across the region.

Per The Real Deal, JEMB picked up the site for $38.5 million in April, though additional air rights must be part of the assemblage, as the tower will measure 751,548 square feet. That will be split between 271,203 square feet of commercial development on the lower levels, and 480,435 square feet of residential space, divided amongst 620 apartments.

Downtown Brooklyn’s residential development boom continues to accelerate, and buildings like 420 Albee Square are necessary en-masse to solve the city’s affordability crisis. The only remedy is increased supply in areas with adequate transit capacity, and while many neighborhoods face restrictive zoning that eliminates otherwise prime opportunities, Downtown Brooklyn serves as a model for how transformation can occur. New units — likely rentals — will still be relatively expensive, but the sudden surge in inventory is likely to mitigate future increases, as thousands of apartments will soon be rising simultaneously.
===========================
http://newyorkyimby.com/2014/09/perm...-brooklyn.html
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  #2  
Old Posted Sep 25, 2014, 8:20 PM
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I figured we would hear something about these lots soon, big developments in every direction right nearby so they weren't gonna last long.

Nice to see it will be joining the ranks of the taller buildings in Brooklyn.
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  #3  
Old Posted Sep 26, 2014, 1:04 AM
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This is perfect, as Brooklyn's tallest towers begin to form a cluster between Fulton and Willoughby Streets, joining the current tallest...






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  #4  
Old Posted Sep 26, 2014, 1:13 AM
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Yes!!!!

Truly the Brooklyn skyline of the 2020's will be magnificent if it keeps this pace. From Pacific Park (Atlantic Yards), Williamsburg, and Downtown!

The question will be which developer will producer a signature tower BK will be known for?! Exciting times for the borough and city!
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  #5  
Old Posted Sep 26, 2014, 1:45 PM
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Quote:
The new building permit lists SLCE as the architect of record, and the tower will stand 65 stories and 620 feet tall, becoming one of the tallest buildings in the borough.

Building permit lists the height at 679 ft, which sounds more accurate for a 65-story tower. It will probably reach 700 ft. There will be 620 units, or apartments.


http://a810-bisweb.nyc.gov/bisweb/Jo...ssdocnumber=01

Quote:
Building Height (ft.): 679
Building Stories: 65
Dwelling Units: 620

So, it's about a hundred ft behind Stern's tower. Wonder how high Barnett will stretch his tower.



http://a810-bisweb.nyc.gov/bisweb/JB...allbin=3000316

There will be 10 units on each floor from 4 - 65, so it should be a pretty solid tower. Beyond that, there's a "lower roof" and an "upper roof", whatever that means.



Also, I'm assuming that Willoughby Square park is still in the works, haven't heard much about it, but the towers will border it.



http://www.brownstoner.com/blog/2010...lp-design-wil/




http://ny.curbed.com/archives/2014/0...rking.php#more


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Last edited by NYguy; Sep 26, 2014 at 2:02 PM.
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  #6  
Old Posted Mar 4, 2015, 12:20 AM
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Credit: towerpower123
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  #7  
Old Posted Mar 4, 2015, 12:38 AM
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This one easily gets forgotten about, but it will be a similar development to CityPoint accross the street.
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Old Posted Mar 12, 2015, 2:13 PM
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  #9  
Old Posted Mar 12, 2015, 2:25 PM
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^ Height cut?
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  #10  
Old Posted Mar 12, 2015, 2:41 PM
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Originally Posted by hunser View Post
^ Height cut?
Looks like it, although it could be just temporary filing. We'll see. For now it says 35 floors, 390 ft.
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  #11  
Old Posted Mar 12, 2015, 2:47 PM
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Quote:
Originally Posted by NYguy View Post
Looks like it, although it could be just temporary filing. We'll see. For now it says 35 floors, 390 ft.
Bummer man.
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  #12  
Old Posted Mar 12, 2015, 3:19 PM
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This is weird, its in a good location as well. I wonder if just selling this plot of land to some other developer is more profitable than building a stump?
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  #13  
Old Posted Mar 12, 2015, 3:23 PM
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Definitely a reduction from the original 750k sq ft. Seems like a missed opportunity. It could be a temp filing, but if its true, then this is a wasted opportunity.

I do have a suspicion this isn't the final dimensions for this tower. The demand is there, and hopefully they don't undercut themselves.
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  #14  
Old Posted Mar 12, 2015, 4:59 PM
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Quote:
Originally Posted by chris08876 View Post
Definitely a reduction from the original 750k sq ft. Seems like a missed opportunity. It could be a temp filing, but if its true, then this is a wasted opportunity.

I do have a suspicion this isn't the final dimensions for this tower. The demand is there, and hopefully they don't undercut themselves.

I was wondering about that because even the original building permit has the new information. Maybe they were contemplationg purchasing additional air rights which went to someone else (Extell, JDS) or maybe they sold some rights themselves, which wouldn't make sense. Or maybe they are going for a multi (2 or more) tower development like CityPoint accross the street. The first few floors will still be retail, but I haven't scrutinized the dimensions of the lot to see if it's still the same.

Or maybe things aren't complete, and they're just moving along to get the permit so work can begin. We know the JDS tower doesn't reflect what we think it will ultimately, as is the case with other initial filings.
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Old Posted Mar 30, 2015, 12:55 PM
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Massive height cut ...

http://newyorkyimby.com/2015/03/420-...ries-tall.html

Quote:
But now, the SLCE-designed building seems to have been shortened dramatically. The tower’s floor count has been reduced from 65 stories down to 35, and its height has seen a drop from 679 feet to 389 feet.
Too bad, since this area needs some height.
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  #16  
Old Posted Mar 30, 2015, 9:15 PM
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NEW YORK | 420 Albee Square | 389 FT | 35 FLOORS
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  #17  
Old Posted Apr 1, 2015, 10:18 PM
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Demo Planned for Underground Railroad Stop to Make Way for Now-Shorter Downtown Tower



Quote:
The tall tower JEMB Realty is developing at 420 Albee Square in Downtown Brooklyn will be a mere 35 stories instead of 65, according to the latest permit filings, first spied by New York YIMBY. Meanwhile, we see the developer just closed on an adjacent site with a historically significant building on it and is planning a demolition.

An old three-story 19th century wood frame building at 233 Duffield Street is one of three historic stops on the Underground Railroad on the block the Landmarks Preservation Commission tried to save from demolition back in 2007, as we reported at the time.

It’s still standing, and JEMB Realty closed on it in January for the eye-popping price of $7,250,000. A demo permit was filed earlier this month but has not yet been approved.

We’re guessing plans for the tower at 4290 Albee Square might have shrunk because the developer failed to buy adjacent land or air rights it was planning on. Or maybe other factors came into play. Jemb owns three contiguous lots behind 420 Albee Square, including 233 Duffield Street.

Other details of the tower have also decreased: The number of apartments will be 248, rather than 620, and total square feet will be 232,375, down from 751,548 square feet, YIMBY reported.

Under the old plans, 420 Albee Square would have been one of the tallest in the borough, although not the tallest. That honor currently goes to 388 Bridge Street, and will likely soon be surpassed by the 800-foot-tall tower in the works at 340 Flatbush Avenue Extension.
==============================
http://www.brownstoner.com/blog/2015...-frontpage-top
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  #18  
Old Posted May 13, 2015, 9:33 PM
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Good news as on site renderings where posted, and some more equipment is on the site. For now, nothing major has occurred, but they seem on track to start it sometime this summer.
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  #19  
Old Posted Sep 8, 2015, 1:28 AM
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  #20  
Old Posted Nov 9, 2015, 10:47 PM
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Good day for Brooklyn.

===================

Downtown Brooklyn Is Finally Getting A New Office Building At 420 Albee Square



Quote:
The city’s Economic Development Corporation has announced plans to develop Downtown Brooklyn’s first new office building since the neighborhood was rezoned in 2004. The new development at 420 Albee Square will bring 400,000 square feet of commercial space to a site across the street from City Point, between Willoughby and Fulton Streets.

“Office vacancy rates [here] are at 3%, essentially functional zero,” explained deputy Mayor Alicia Glen at a press conference for the project this afternoon. “And that shortage will definitely impede the momentum we’ve seen going on around here…We’re trying to take a series of measures to make sure that the heat of the residential market doesn’t undermine the ability of this neighborhood to be a major generator of jobs.”

Plans for 420 Albee Square were first filed over a year ago. They initially called for a 65-story tower with 650 apartments and over 270,000 square feet of commercial space on the lower floors. Another round of applications scaled the building down to 35 stories in March, and those plans detailed a 232,000-square-foot project with 248 apartments and 36,500 square feet of commercial space on the first four stories.

Now the city has persuaded the site’s developer, JEMB, to switch the development to office space. After this afternoon’s press conference, EDC president Marisa Torres Springer explained, “We sold 120,000 square feet of air rights in order to make this project happen.” The city also sold 3,000 square feet of land. Ultimately, JEMB paid $15,500,000 for both, according to an EDC spokesman.

The development rights and the property came from Willoughby Square, a public plaza planned on top of an underground parking garage on Willoughby Street between Gold and Duffield Streets. The city sold the air rights for the one-acre green space, but it still plans to build the plaza.

Kohn Pedersen Fox will design the project, but SLCE was the architect of record on the most recent building applications. Plans for the new office building have not yet been filed.
======================
http://newyorkyimby.com/2015/11/down...ee-square.html
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