Franklin Trust on Montague Going Residential
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…
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
To respond to the comment about the LPC, they probably would not allow balconies as they would be an eyesore and ruin the architectural detail of this beautiful building, however, they can’t say no to everything. That is why for the rooftop addition, they probably considered visibility from surrounding throughways and determined that it was minimally visible, if at all.
Shahn Anderson is a tool, who doesn’t know squat about the reasons of development. Get your facts straight are you really building with explanations like those. Seriously your not a builder or a developer but a speculative nobody!!
THats FuMaWe (west of fulton mall jerk)
if that’s the case theni think the sq ft price on vermeil is too high..quality not even taken inot consideration.
Shahn – Thanks for spending some time explaining that.
just checked the vermeil’s site.
3 bedrooms are between 1750 and 1850 square feet. prices 2.1 and 2.3 million.
hope it ends up looking as nice on the outside as the website suggests. nice is a relative term, of course.
not sure. i’d have to look at the vermeil site again. i wasn’t being hostile just observing what some of the asking prices in the borough are commanding these days. wow. i’m curious to know how the richard meier building is selling up on prospect park…
Shahn – Thanks for spending some time explaining that.
i didn’t set the price it’s just what i heard. sq ft is about 1700 so they are looking at around 1000 sq ft. what’s the sq ftg for vermeil?