Buried near the bottom of last week’s encyclopedic article the the New York Sun about Brooklyn development was this morsel: The Franklin Trust Building at 166 Montague Street is being converted from office space to residential condominiums. As The Real Deal reported first in its February issue, the 10-story, 50,000-square-foot building will get one more story added; the $10 million conversion will include a rooftop terrace, a sky-lit health club and new balconies. Not sure how new balconies would make it past LPC though…Regardless, this has the potential to be one of the premier buildings in the borough if it’s done right.
New Residential Developments [The Real Deal]
Downtown Brooklyn Is Booming [NY Sun] GMAP P*Shark