Prospect Heights Bank, Once Rumored to Be Trader Joe's, Will Be Razed
Talk about new money overtaking old money. The 1920s neo-classical building at 856 Washington Avenue, most recently a Capital One Bank, has been approved for demolition by the city, to be replaced with a 14-story condo building. About a year ago, rumors circulated that the space would become a Trader Joe’s, Brooklyn’s most bank-loving luxury…
Talk about new money overtaking old money.
The 1920s neo-classical building at 856 Washington Avenue, most recently a Capital One Bank, has been approved for demolition by the city, to be replaced with a 14-story condo building.
About a year ago, rumors circulated that the space would become a Trader Joe’s, Brooklyn’s most bank-loving luxury grocer.
Formerly the Green Point Savings Bank, the Prospect Heights stunner was bought by Slate Property Group for $6,500,000 back in January. In August, the group filed applications to construct 26 apartments over 161,479 square feet of space.
The new development will include spacious units, bike storage, a gym, and a community room.
Many of Brooklyn’s banks have been restored and repurposed in recent years for residential and cultural uses, from condos in Brooklyn Heights to the Trader Joe’s on Court Street.
When Slate bought the building, Brownstoner speculated the developer would add a few floors to top. Slate has become one of the largest Brooklyn developers in the last year or so, with several large projects in the works on 4th Avenue in Gowanus and Park Slope, among others.
[Source: DNA | Photo: Nicholas Strini for PropertyShark]
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Yes let’s knock down classic buildings like this. But we must keep every NYCHA shithole that’s ever been built, for all of eternity.
Yes let’s knock down classic buildings like this. But we must keep every NYCHA shithole that’s ever been built, for all of eternity.
Yeah, if not landmarked, I don’t know that a single story with 30+ foot ceilings is the most productive use of the lot, from a developer’s point of view. We shouldn’t expect anything else, really.
Yeah, if not landmarked, I don’t know that a single story with 30+ foot ceilings is the most productive use of the lot, from a developer’s point of view. We shouldn’t expect anything else, really.
Because the city is ran by greedy corrupt as$#oles who are probably getting a kickback out of this.
Because the city is ran by greedy corrupt as$#oles who are probably getting a kickback out of this.
What – that the city would approve demolition of the building – even though that approval only happened yesterday? Because that is what this story is about, not the TJ rumors.
If that’s the case that is pretty prescient and I should start reading the Brooklynian more often., maybe to get next weeks lottery numbers.
What – that the city would approve demolition of the building – even though that approval only happened yesterday? Because that is what this story is about, not the TJ rumors.
If that’s the case that is pretty prescient and I should start reading the Brooklynian more often., maybe to get next weeks lottery numbers.