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tdawg Apr 22, 2016 1:35 PM

There's NO way that there are only 93 high rises under construction in NYC right now. There are probably 15 going up near me in Long Island City at this moment.

chris08876 Apr 22, 2016 9:09 PM

City Approves 1,066-Foot-Tall Downtown Brooklyn Skyscraper


The Downtown Brooklyn skyline is rising.

Earlier this week, the city’s Landmarks Preservation Commission approved a proposal that would allow a 1,066-foot tower to go up at 340 Flatbush Avenue Extension, a part of which would sit on the former Dime Savings Bank, according to a spokeswoman with the commission.

While the project itself can be built as-of-right, meaning it complies with all zoning regulations and doesn't require city approval to go up, the commission had to approve changes to the Dime Savings Bank building, a landmark located at 9 DeKalb Ave., according to the LPC.

The commission approved the changes to the 108-year-old landmark with some modifications that required the developer to retain the former bank's historic teller booths until a tenant is secured.

The commission's approval will allow developers Cherit Group and JDS Development to move forward with plans to construct the 73-story apartment building, which would be the tallest in the borough, even eclipsing the Chrysler and New York Times buildings in Midtown Manhattan, which are tied for fifth tallest in the city at 1,046 feet.

The high-rise would total 556,164 square feet, with 463,470 square feet reserved for 417 residential units, according to Department of Buildings filings.

A rendering of the hexagonal tower by SHoP Architects shows a thin, glassy spire looming over Downtown Brooklyn.

The tower is slated to go up by 2019.

The high-rise is just one of several developments expected to take over the Brooklyn skyline in the next four years. Some 22,000 new apartments are expected in Brooklyn by 2019, with 6,500 new units anticipated to be built in Downtown Brooklyn alone, according to CityRealty.

hunser Apr 23, 2016 10:48 AM

Great coverage by YIMBY:


excel Apr 24, 2016 7:48 PM

Wow this is awesome! :slob:

NYguy Apr 25, 2016 4:55 PM

NYguy Apr 26, 2016 3:56 PM

'Supertall' Tower Is Bloomberg's Parting Finger to Brooklyn

Neil Demause
APRIL 25, 2016


The New York City Landmarks Preservation Commission approved plans last week for a 1,066-foot-tall tower to be built atop a portion of Flatbush Avenue's Dime Savings Bank, all but assuring that the Brooklyn skyline will soon be dominated by a giant bronze-and-glass finger rising next door to Junior's. Reaction ranged from "enlightened urbanism at its best" (landmarks commissioner and architect Frederick Bland) to "I kind of dig the building but huh, it is tall. Too tall" (pretty much all of Twitter).

The Dime skyscraper — being built by union-busting crusader Michael Stern and real-estate arbitrageur Joe Chetrit and designed by SHoP Architects, the same people who gave us the Barclays Center's dripping-rust-colored exterior — will be undeniably tall, nearly double the height of 333 Schermerhorn Street, the 610-foot rental apartment building that last year grabbed the title of Brooklyn's tallest in the borough's never-ending game of top-this.

Media reports cited the new building's soaring height as allowable "as-of-right" — a/k/a, needing no special zoning exceptions — hence the only required permission was from the landmarks commission, an appointed board whose mission is to focus on things like how the tower will affect the neighboring bank lobby. (In case you're wondering: The teller windows will be maintained as-is until a retail tenant arrives, at which point they'll presumably be repurposed as Genius Bars or some such thing.)

How developers got to stick up a thousand-foot erection in a borough that had until recently been limited to the height of the Williamsburgh Savings Bank Tower, though, isn't so much a story of picayune landmarks bureaucracy or even the "new Brooklyn" meme. Rather, it's the fallout of a decision made more than a decade ago by the Bloomberg administration that will end up effectively doubling the height of the Brooklyn skyline.

.....The Bloomberg rezoning took a huge swath of downtown Brooklyn — everything in a triangle bounded by Fulton Street, Willoughby Street, and Flatbush Avenue, plus a few adjacent blocks — and changed that to C6-4.5, a newly invented (since this is Brooklyn, we should probably say "bespoke") category that raised the limit to a least 10 FAR, meaning buildings could be nearly triple the bulk as allowed under the old rules.

Building height, meanwhile, is governed by a set of even murkier bureaucratic designations, including the "sky exposure plane," an imaginary line rising diagonally from the street that no building is allowed to penetrate. (This gimmick — put in place in the city's original 1916 zoning law to put an end to the sky-darkening towers that were starting to clog Manhattan's narrow downtown streets — is what led to the iconic skyscraper form of midcentury, best seen in the Empire State Building's gently stepped appearance.) There are ways to work around the sky exposure plane — think Sixth Avenue's wall of glass boxes set amid bland public plazas — but the C6-4.5 designation did away with height limits entirely: Whereas under the old law, towers had to top out at no more than 495 feet; following the Bloomberg rezoning, the sky was almost literally the limit.

And the current crop of skyscrapers isn't likely to be the last. Atlantic Yards Report's Norman Oder noted in February that Ratner and his China-based development partners, Greenland, had transferred a pile of development rights from the Barclays Center site across the street, which would allow for a 1.5-million-square-foot monster building as much as 900 feet tall, which Oder dubbed the "Brooklyn behemoth." And since that site was seized by the state-run Empire State Development Corporation as part of Ratner's Atlantic Yards mega-project — something that the current occupant, a P.C. Richard store, is suing to overturn — any development there is free to ignore city zoning, meaning the Dime tower could soon have company on the Brooklyn skyline.

The Dime tower, truth be told, isn't especially ugly by modern skyscraper standards — its bundle-of-sticks profile even tapers slightly as it rises, in a nod to the golden age of setbacks. And if you're lucky enough, you may even get a chance to enjoy its views without first inheriting hedge fund wealth: Stern and Chetrit have applied for tax breaks in exchange for including twenty percent "affordable" units in their building, though that's currently on hold until the state legislature figures out whether and how to revive the 421 — a tax break program that expired earlier this year.

BoM Trespasser Apr 26, 2016 7:21 PM

^ "bundle of sticks" ha ha people who make a living writing about what they hate are frauds only.

Busy Bee Apr 26, 2016 7:29 PM

If 1,066 feet is "nearly doubling" of 333 Scherm's 610 feet, I guess Bernie really did beat Hillary in NY last week...

Crawford Apr 26, 2016 7:38 PM


Originally Posted by Busy Bee (Post 7421426)
If 1,066 feet is "nearly doubling" of 333 Scherm's 610 feet, I guess Bernie really did beat Hillary in NY last week...

Also the whole premise of the article is stupid. The Brooklyn rezoning happened under Bloomberg, but was conceived under Giuliani. It was really a pre 9-11 initiative to add density to the peripheral business districts. Senator Schumer was the main proponent.

And it wasn't a controversial rezoning back then, or now. Basically everyone supported it (then and now).

NYguy Apr 26, 2016 8:44 PM

^ People are still for it. There's just this tendancy for some to see Bloomberg as the king of over development in New York, since he was mayor when a lot of these things took off. The same will happen to de Blasio when he leaves office, despite his push for more affordable housing. As de Blasio has said, New York needs to build. And by the time he's out, the skyline will look much different than it did before he got in. I think there's also this tendancy to look back a couple of decades before a lot of development spilled over into the outer bouroughs as sort of a "glorified" era of the city. It wasn't. No one wants a Downtown where everything is stagnant, and nother ever happens.

Busy Bee Apr 26, 2016 10:20 PM

^Just like the "Obama economy"... as if Obama is responsible for the Republican negligence induced second greatest economic downturn in US history.

McSky Apr 27, 2016 1:55 AM


Originally Posted by Busy Bee (Post 7421674)
^Just like the "Obama economy"... as if Obama is responsible for the Republican negligence induced second greatest economic downturn in US history.

Pop quiz: who said Fannie Mae and Freddie Mac were in no danger of insolvency?

NYguy Apr 27, 2016 4:15 AM

Let it rest people.

WIGGLEWORTH Apr 27, 2016 6:48 AM

Well, I'm a big fan of De Blasio for this fact only.
The skyline will be re-invented before he's out.

NYguy May 2, 2016 7:19 PM

Downtown Brooklyn’s second act
After a 2004 rezoning spurred residential development, the neighborhood is now vying to become a tech hub

May 01, 2016
By Farah Halime


....Timothy King
Founder/managing partner, CPEX Real Estate

What kind of statement does the arrival of a supertower make about the neighborhood and where it’s headed?

It was simply a matter of timing and pricing. When we moved into our building at 81 Willoughby Street, The Brooklyner was the tallest building in Brooklyn. A few years later it was Stahl’s 388 Bridge, a year later, Avalon Bay Willoughby West.

The JDS project is special. It includes the iconic landmarked Dime Savings Bank building at 9 DeKalb, which will be a very special retail venue. If you look at the combined acquisition costs for the Flatbush and DeKalb properties, take into consideration the dollar cost average by backing out the retail and stacking the air rights. I’m sure JDS and the Chetrit Group are very comfortable with their basis. These are smart guys with proven track records of executing.

You represented the sellers in the deal in 2014 to sell 420 Albee Square to JEMB Realty. What do you think of the firm’s decision to switch its plans to office from residential?

Firstly, I am proud that CPEX brokered the trade to JEMB. Here’s the thing, different investors have different investment preferences, hence that’s why our professionals are on teams that sell a particular type of real estate, i.e., office, industrial, retail, residential, multi-family and mixed-use. JEMB is more retail- and office-focused than residential. You have to weigh different factors here. They are already testing the market to get a feel for the demand, pricing and may even have some signed leases before putting a shovel in the ground. If office rents are in the $50 to $60 range, with ICAP tax abatement, it’s not so surprising to see JEMB choose office over residential. It means lower construction costs and more efficient floorplates, among other incentives.

NYguy May 20, 2016 4:31 AM

Ready for this...

Jared Kushner funding JDS and Chetrit’s Brooklyn supertall
Kushner Cos. and Moinian Group launched lending platforms this year

May 17, 2016
By Konrad Putzier


Kushner Companies is a mezzanine lender on JDS Development Group’s and Chetrit Group’s supertall mixed-use development in Downtown Brooklyn, The Real Deal has learned.

Kushner Cos.’ involvement was not previously disclosed, and the size of the loan the Jared Kushner-led firm is providing isn’t immediately clear. JDS and Chetrit also landed a $115 million senior loan from a subsidiary of Fortress Investment Group to finance the acquisition of 340 Flatbush and refinance 9 DeKalb. The partners are yet to secure a construction loan.

artspook May 20, 2016 7:30 AM

hey, . I was just bemoaning the death of deco . .
on another building's thread . . (303 E.44th) . .
then I come here . . and lo & behold, . . what do I see ? . .
The finest example of contemporary deco in town !!! . .
All delight, cheer, and happiness . .
Spook is alive in Gotham-town ! . .

Busy Bee May 20, 2016 2:04 PM

Goodlord, the man funding this wet dream of ours is the same man standing on stage with our future man baby strongman dictator and his amazingly normal daughter. Ever noticed how nervous Jared looks at those things? Like he's frantically thinking "how do I get out of this? do I get out of this?"

McSky May 20, 2016 3:31 PM


Originally Posted by Busy Bee (Post 7448243)
Goodlord, the man funding this wet dream of ours is the same man standing on stage with our future man baby strongman dictator and his amazingly normal daughter. Ever noticed how nervous Jared looks at those things? Like he's frantically thinking "how do I get out of this? do I get out of this?"


Skyguy_7 May 20, 2016 5:35 PM

^It's just petty anti-Trump rhetoric. Jared Kushner, whose firm is funding 9 DeKalb, is married to Ivanka Trump, The Don's lovely daughter. Would ya look at that; another Trump-affiliated project underway, creating jobs and improving the city. :cheers: Cheers to those who make..and a big middle-finger to those who take.

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