A property at 205 Montague Street — with air rights enabling a 700-foot-tall tower — just went on the market for a cool $200,000,000. That’s more than 250 feet taller than the oh-so-controversial proposed Brooklyn Heights replacement library and condo tower at 280 Cadman Plaza West. It’s also 282 feet higher than Brooklyn Heights’ tallest existing building.
That record belongs to 16 Court Street, which is 418 feet tall and landmarked as part of the Borough Hall Skyscraper Historic District. (The district ends across the street from 205 Montague.)
205 Montague Street is technically in Brooklyn Heights. But it’s on that odd Manhattan-like block with a dozen banks, the world’s fanciest Chipotle, and the building whose new architect took those controversial drone pictures.
There’s a lot of action going on this neck of the hood. In addition to the drone-enabled redevelopment of neighboring 189 Montague, this site is on the corner of Cadman Plaza just one block south of Hillary Clinton’s HQ at One Pierrepont and the controversial Brooklyn Heights Library-into-condo-tower at 280 Cadman Plaza West.
Developer Midtown Equities bought 205 Montague in 2010 for $33,000,000 and paid another $3,200,000 to the city two years to remove old development restrictions on the property, according to Crain’s. Right now the property is home to a six-story modern office and retail building.
The six-story building at 205 Montague Street today. Photo by Christopher Bride for PropertyShark
Then, the developer bought some neighboring air rights in order to bring the possible size of any development at the site up to 300,000 square feet — potentially rising higher than 700 feet tall.
Cushman & Wakefield is handling the sale — the office of team lead Bob Knakal has been conveniently located inside of 205 Montague for several years — and they released a fancy bird’s eye rendering of a possible tower built on the site:
But as any selfie-taking millennial could tell you, the high-to-low angle has the effect of minimizing the impression of height. So Brownstoner took the liberty of creating a rendering remix (at top) using Hudson Companies’ latest artwork of the proposed tower at 280 Cadman Plaza West.
Would 700 feet be too tall? Or just raising the bar for this bit of Downtown Brooklyn?
[Rendering: Hudson Companies, modified by Brownstoner]
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