Posted May 6, 2025, 5:46 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,622
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https://therealdeal.com/new-york/2025/05/06/city-pitches-rezoning-395-flatbush-avenue/
The Daily Dirt: City, Rabina pitch replacing “eyesore” office building with 1,200 apartments
A rezoning would make way for a 1.5M sf tower
By Kathryn Brenzel
May 6, 2025
Quote:
The Department of Housing Preservation and Development is proposing to rezone 395 Flatbush Avenue Extension in Brooklyn to make way for a 1.5-million-square-foot residential tower. The project would have 1,263 apartments, of which 253 to 379 would be affordable to those, on average, earning at or below 80 percent of the area median income, according to details released Monday.
The 350,000-square-foot office building is sandwiched between Dekalb Avenue, Fulton Street, Hudson Avenue and Flatbush Avenue. Brownstoner once referred to the building as “one of the biggest eyesores in downtown Brooklyn.”
Rabina and Park Tower Group control the site through a long-term ground lease with the city.
Rabina CEO and President Josh Rabina said that “replacing the dark and outdated office building” will “breathe new life into one of the most important intersections in Downtown Brooklyn.”
“395 Flatbush will respond to the city’s urgent housing needs, while anticipating and supporting future growth by overhauling the public realm for the thousands of people that pass through every day,” he said in a statement.
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Quote:
The project is also expected to include a 4,750-square-foot public plaza, 66,000 square feet of retail, 75,000 square feet of commercial space and an “expanded and heightened” entrance at the DeKalb Avenue subway station.
The project would be one of the first to take advantage of the newly lifted cap on residential density. Last year, the state eliminated the restriction, which prevented residential space from exceeding a floor area ratio of 12. As part of the City of Yes for Housing Opportunity text amendment, the city created new district destinations allowing areas to be rezoned with higher FARs. The new building planned for Flatbush Avenue will have an FAR of 21.8.
State officials have indicated that a residential project planned on the Far West Side will also exceed FAR 12. The same goes for the project planned for HPD’s headquarters at 100 Gold Street, where the city plans to build more than 1,000 units of housing. The Flatbush Avenue project is on track, however, to be the first site to use a higher FAR under the new rules. A public scoping hearing is slated for June 5.
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