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Old December 14th, 2018, 07:01 PM   #1
Hudson11
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NEW YORK | 625 Fulton Street (Brooklyn) | 287m | 942ft | 79 fl | Pro

With 80 Flatbush chopped down, this would be the second tallest building in Brooklyn after the supertall 9 deKalb. Expect fierce NIMBYism.

Rabsky Development hopes to bring 942-foot-tall building to DoBro


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Rabsky Development hopes to build a 942-foot-tall building with 902 apartments, 739,000 square feet of office space and a 640-seat public elementary school at 625 Fulton Street, according to Politico. The project would span 1.8 million square feet overall, and its public review process will start in January.

[...]

Rabsky would not need a residential rezoning for the project given the allowed density on the site, so the project would not be subject to city regulations from 2016 that mandate affordable apartments in exchange for higher density. The firm still plans to include some affordable housing with the project but not as much as the policy would call for.
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Old December 16th, 2018, 05:29 PM   #2
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various development scenarios

https://www.newyorkyimby.com/2018/12...-brooklyn.html







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Old December 19th, 2018, 12:21 AM   #3
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Burj Kalifa in BK

In a perfect world a Burj Kalifa would rise on that lot. 945 is still too bulky IMO. at 1400 ft it would be more graceful. Unfortunately in NYC we are stuck with cheap developers, cheap architecture, height and cost limits plus unions.
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Old January 30th, 2019, 12:18 PM   #4
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It will depend on what design they will go for. The drawings are just a study.
I would expect the variant without setbacks to be taller because because it has much less floor space than the others.
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Old February 2nd, 2019, 01:19 AM   #5
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Quote:
Originally Posted by Sniper-Wolf View Post
In a perfect world a Burj Kalifa would rise on that lot. 945 is still too bulky IMO. at 1400 ft it would be more graceful. Unfortunately in NYC we are stuck with cheap developers, cheap architecture, height and cost limits plus unions.
In other words, NYC is stuck in the real world.
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Old February 7th, 2019, 02:53 PM   #6
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Quote:
Originally Posted by Sniper-Wolf View Post
In a perfect world a Burj Kalifa would rise on that lot. 945 is still too bulky IMO. at 1400 ft it would be more graceful. Unfortunately in NYC we are stuck with cheap developers, cheap architecture, height and cost limits plus unions.
It's not cost effective in this country to build that tall. It's a lot more complicated than you realize. Getting the approvals, tenants, and loans for a Burj Kalifa in Brooklyn is pretty much impossible. Also, there is no slave labor to build it in New York City. Construction workers want to make money (the average in NYC is $92,644) and are proud of their skills. If a mega tall was practical, you would see one already. When you come up with the money, you should build one!
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Old March 7th, 2019, 04:34 PM   #7
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Rabksy gets six-month extension on $100M in loans for towering Brooklyn project

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The developer signed a deal to extend two loans — for 625 and 635 Fulton Street, which it owns with Joel Gluck’s Spencer Equity — until July, Commercial Observer reported. Documents for the deal were filed on the Tel Aviv Stock Exchange.

Total financing for the project is $120 million. It combines an $80 million senior mortgage from Bank Leumi USA on 625 Fulton Street, a $20 million senior mortgage on 635 Fulton Street from BofI Federal Bank (now Axos Bank), and a $20 million mezzanine loan from the State Bank of Texas. All three were due in January this year.

Bank Leumi originated the loan in 2016, which was extended to mid-July with the option to further extend until January 2020. The mezzanine loan, with has an 11 percent interest rate, was also extended until mid-July. The second senior loan hasn’t yet been extended.

Rabsky and Spencer paid $158 million for the 75,000-square-foot site in 2016.
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