City officials have approved plans submitted by Slate Property Group to construct a new mixed-use skyscraper in Downtown Brooklyn. Located at 570 Fulton Street, the structure is designed by Hill West Architects and will contain a combination of market-rate apartments, affordable housing, and office space.
570 Fulton Street
Yet another residential skyscraper is in the works at 570 Fulton Street in Downtown Brooklyn, and today YIMBY has an update on site progress. The main elevation of the existing three-story, low-rise building is now sitting behind construction netting and scaffolding, and it will soon be demolished to make way for the planned 40-story mixed-use replacement. Hill West Architects is the designer of the project, while David Schwarz of Slate Property Group will develop the structure. Office and retail space is reportedly going to be in the lower section of the 550-foot tall development.
Two weeks ago, YIMBY reported on plans to build a 40-story mixed-use tower on the wedge-shaped 570 Fulton Street lot in Downtown Brooklyn. Renderings have now surfaced of the proposal, and though they are low in quality, they still reveal quite a lot about the project. The proposition would be a good step forward for Brooklyn’s densification, and the new office space will help ameliorate the Borough’s residential imbalance.
A new 40-story, mixed-use building could sprout from a wedge-shaped lot in Downtown, Brooklyn, pending approval from the NYC Department of City Planning. Zoning amendments would be required for construction to begin.
Over a year ago, the three-story office building at 570 Fulton Street, in Fort Greene, hit the market as a development site, and now Slate Property Group, Meadow Partners and a third unknown developer have acquired the property for $23 million. The site has 72,000 square feet of development rights, or 86,000 square feet with the inclusionary housing bonus, and condominiums are likely planned. The developers are also working on a 16-story, 126-unit mixed-use building at 1 Flatbush Avenue, located adjacent to 570 Fulton.