547-589 Fulton Street

Demolition Progresses for Potential Skyscraper at 547-589 Fulton Street in Downtown Brooklyn

Demolition work is progressing at 547–589 Fulton Street in Downtown Brooklyn, the site of a proposed skyscraper. RedSky Capital, LLC is reported to be the developer of the triangular-shaped parcel, which is listed as “Fulton Mall” on its website. The plot was assembled and purchased for $104 million and is bound by DeKalb Avenue to the north, Flatbush Avenue Extension diagonally to the east, Fulton Street to the south, and Bond Street to the west. It’s unclear whether the tower is slated for residential or commercial use.

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