Beloved 1920s Prospect Heights Bank Building Not Worthy of Landmarking, LPC Decides

Architect’s illustration via Brooklyn Public Library

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To the woe of local preservationists, the Landmark Preservation Commission has announced that, following review, they did not find a former bank in Prospect Heights to be worthy of landmarking. The neoclassical property at 856 Washington Avenue has been approved for demolition, with permits filed to replace it with a 14-story condo building.

Built in 1928, the elegant three-story bank was initially built as the second branch of the Green Point Savings Bank, a mutual thrift organization begun by Greenpoint locals in 1869.

Despite Brooklyn Community Board 8’s landmarking requests for the neoclassic structure, the Landmark Preservation Commission determined the building “is not a significant example of an early-20th-century bank building,” according to LPC Director of Research Mary, who spoke on behalf of the agency, DNAinfo reported.

Local preservationists and community leaders were upset with the LPC’s rejection of the building as an individual landmark, likely in part because a landmarking was one of the last ways to save the neighborhood icon from the wrecking ball.

Most recently, the building was home to a Capital One Bank branch. Now, Slate Property Group owns the building after buying it for $6,500,000 in January. The group filed residential development applications in August, planning to construct 26 apartments in the 161,479-square-foot space once they’ve demolished the bank.

Slate has become one of Brooklyn’s largest developers in recent years, with other projects underway in Gowanus, Park Slope and beyond.

Before Slate’s plans became public, rumors circulated that the property may be turned into a Trader Joe’s.

Prospect Heights Bank

Photo by Nicholas Strini for PropertyShark

[Source: DNA]

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