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New 511-Foot-Tall Mixed-Use Tower Coming to 540 Fulton in Downtown Brooklyn

In April 2016, real estate investment and management firm Jenel Management filed permits for a 19-story, 200,000-square-foot building, renderings for which were revealed (see below) by 6SQFT a month later. Now, 540 Fulton Street will hold 96,592 square feet of commercial space with retail and office space occupying floors 1 through 8. There will be 236,869 square feet of residential space, which comes out to roughly 720 square feet per unit – indicating rental-sized apartments. Floors 10 through 30 will house 10 units each and floors 31 through 43 will house 9 units each.

The floor schedule doesn't call for any particularly special amenities; residents will have access to storage rooms, bike rooms, a package room, one laundry facility, and a business center, a gym, and two lounges with terraces on the 9th floor. There will also be a roof deck with a lounge, undoubtedly showcasing stunning Brooklyn and Manhattan views.

Office workers will be given some amenities as well, including two terraces and a bike room.

Manhattan-based Marvel Architects is still on board to design the soaring project, but its latest design is certainly lackluster compared to the firm's other work, which includes the nearby 36-story condo One Clinton and the luxury rental The Pierrepont.

The 43-story tower will rise in the same area as Brooklyn's future tallest towers: 9 Dekalb, 138 Willoughby Avenue (1 City Point), and 80 Flatbush.

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Cityrealty