Development Site Assembled At Fulton Street & Flatbush Avenue, Downtown Brooklyn

565 Fulton Street565 Fulton Street Assemblage, image via Google Maps

RedSky Capital recently acquired the three-story commercial building at 585 Fulton Street, in Downtown Brooklyn, for $13 million, and now owns the entire triangular block spanning 565-591 Fulton Street and 398 Flatbush Avenue Extension (excepting the four-story building at 571 Fulton Street). The assemblage currently has 280,000 square feet of development rights, but if No. 571 is acquired, that figure would increase to 330,000 square feet, according to The Real Deal.

Subscribe to the YIMBY email newsletter and receive the latest new development news in your inbox.
Follow the YIMBYgram for real-time photo updates
Follow YIMBY’s Twitter for the latest in YIMBYnews

TFC Horizon
.

1 Comment on "Development Site Assembled At Fulton Street & Flatbush Avenue, Downtown Brooklyn"

  1. brooklyn-is-a-joke | September 29, 2016 at 8:15 am |

    Oh boy! They get to tear down the remaining historic heritage of that area and build another DSW Shoe Warehouse! How inspiring, just like the rest of that area, where everyone loves to spend their time!

Comments are closed.