Dermot Plans High-Rise Rental Near BAM
Yesterday the Post reported that the developer behind the Williamsburgh Savings Bank Tower condo conversion is planning to build a high-rise in the BAM Cultural District. This time ’round, however, the Dermot Cos. is eschewing condos in favor of rentals. The firm recently partnered with Grosvenor Investment Management to purchase the parking lot between Flatbush,…
Yesterday the Post reported that the developer behind the Williamsburgh Savings Bank Tower condo conversion is planning to build a high-rise in the BAM Cultural District. This time ’round, however, the Dermot Cos. is eschewing condos in favor of rentals. The firm recently partnered with Grosvenor Investment Management to purchase the parking lot between Flatbush, Fulton and Rockwell Place, where they intend to start building in 2009. Taken together with the Son of Oro and the Avalon Myrtle, is it fair to say that rentals are the new condos?
Realty Check [NY Post] GMAP
this would only block penthouse views. a different building will eventually block the views of the units on the flatbush side.
Is this across the street from that dollar dream? Is it true it will be a Union Market?
According to ACRIS, in March this lot (block 2106 lot 19) also bought air rights from at least one neighboring parcel, particularly lot 24 (19-27 Flatbush Ave), which is 7540 sqft and has a 30,000 square foot building on it.
By my calculations this will allow a building of 210,160 square feet — more if it gets zoning bonuses like plazas or affordable housing. And even more if it buys air rights from other adjacent lots (which many of them seem to have available).
Is this the building that will block views at the new Rockwell Place lofts?
So, what do I win? — 1:30
Absolutely right. Replaced with the correct photo. Thanks.
Yep, this photo is the wrong side of Flatbush.
Since condos are also the are rentals, why bother with the pretense? Bring ’em on.
I think 12:37 is spot on. I think the lot in question is the dog-leg shaped lot that goes through from Flatbush to the corner of Fulton and Rockwell.