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Permits Filed: 436 Albee Square

Yet another residential development will soon rise in Downtown Brooklyn; yesterday, the first permits were filed for 436 Albee Square, which is across the street from the significantly larger City Point project. ODA is the architect of record, while the developer is an anonymous ‘Albee Square, LLC.’

436 Albee Square will be 28 stories and 310 feet tall, and will replace two decaying old buildings. Permits indicate the tower will have 23,740 square feet of ground floor retail, while the residential portion will measure 118,977 square feet, split between 150 units. Given the relatively large scope, rentals would appear likely.

No completion date for 436 Albee Square has been set. The lot was acquired for $3 million last May, though that purchase has apparently been combined with additional air rights to yield the development’s total scope of nearly 120,000 square feet.

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JUNE 4TH 2014
http://www.yimbynews.com/2014/06/per...ee-square.html