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Whiskey Tango Foxtrot
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Discussion Starter #1 (Edited)

Even Brooklyn reaching new heights. - elikarealestate.com #Repost @newyorkyimby ・・・ YIMBY has the reveal for 340 Flatbush Ave Ext., which will become the tallest building in Brooklyn, standing just over 1,000 feet. SHoP Architects is designing and JDS is by elikarealestate, on Flickr

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$43M Flatbush Avenue Extension Site May Get New Tower



A new residential tower may be coming to Downtown Brooklyn: word has it that JDS Development and The Chetrit Group just snagged two low-rise buildings at 340 Flatbush Avenue Extension for $43.5 million. The lot allows 174,000 square feet of building, which NYDN points out can, amongst other layouts, be configured as "a stumpy 12-story building or as a slender tower with setbacks." The lot is just a block down from the famous Junior's restaurant, whose recent listing and potential conversion into a condo tower may see the site rise to 50 stories.
 

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Whiskey Tango Foxtrot
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Discussion Starter #2
New York YIMBY: 340 Flatbush Ave Extension to Become Brooklyn’s Tallest Building



The first permits are up for JDS Development‘s new building at 340 Flatbush Ave. Extension in Downtown Brooklyn, and the site will soon give rise to the borough’s tallest building. SHoP is the architect of record, and Katherine Clarke previously reported on the assemblage earlier this month, at the Daily News. The Chetrit Group is also involved with the project.

DOB filings indicate the tower will total 555,734 square feet, including a 108,799 square foot commercial component. The remaining 446,734 square feet will be split between 495 residences.

In terms of height, 340 Flatbush Ave. Extesion will tower well above all competing developments in Downtown Brooklyn. The building will rise 70 stories and 775 feet tall, and if the high-rise includes structural components above the top floor — like any sort of spire— the skyscraper could be even taller.
 

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I think this one will end up being a supertall considering the Junior's site is on sale next door and I'm sure JDS is making a play for it. Guess the second supertall Shop was talking about will be in Brooklyn. That would be insane, a supertall in Brooklyn!!! That's something I can't wait to see.
 

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Whiskey Tango Foxtrot
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Discussion Starter #7
I was going to mention the Junior's site... so if that property next door is bought it will likely be combined as one supertall building?
It would probably require JDS buying up the air rights from the entire block. As it stands, the Junior's site can support a 20 story highrise. Add in the air rights currently for sale from the Dime Savings Bank (now Chase) next door and Junior's could go as high as 50 stories. Now combine all that with 340 Flatbush Extension and a supertall is possible...

So it's pretty speculative at this stage, not to mention the NIMBY cries that CityPoint Phase 3 plans nearby elicited.
 

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Whiskey Tango Foxtrot
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Discussion Starter #16
The pieces are falling into place:

Brooklyn 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.

One of Brooklyn’s true architectural treasures is hitting the sales market in an offering that could fetch well over $100 million and open up several tantalizing possibilities for downtown Brooklyn.

The former Dime Savings Bank of New York at 9 DeKalb Ave., a stately neo-Roman building with a domed roof and a grand interior that features a rotunda with colossal red marble columns, is being sold by owner JPMorgan Chase.

The bank has hired Bob Knakal, James Nelson and Stephen Palmese, brokers at Massey Knakal Realty Services, to market the property. Chase plans to vacate the branch after a sale and relocate to nearby 490 Fulton St. The sale could open the building, which is a landmark, to be repurposed as an events space. It would be Brooklyn’s version of the huge former Bowery Savings Bank hall across from Grand Central Terminal that is now occupied by caterer Cipriani and is one of Manhattan’s most famous and popular events venues.

"This is an incredible asset that is one of the best buildings to hit the market in Brooklyn," Mr. Knakal said. "It holds a lot of exciting possibilities."

An alternative would be to convert the building to retail use. Sources speculate that Apple, which has signed a deal for a store in Williamsburg and is rumored to be interested in a location in the area near the Barclays Center, could be a obvious candidate for the space if it becomes available.

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.

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whitest boy in the delta
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With all these proposals also popping up in other districts than manhattan, I begin to wonder if New York might get a chance to get the title for the most 200m buildings back. :cheers: might become a close race with Shenzhen, since New York has such a huge headstart.
 

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Pijcie portera z BŁ!
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Chinese cities are building 200+ residential towers as we have been building commieblocks in the 70's in Poland... It's just not a fair comparison, the standard is so different.
 
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