Downtown Brooklyn

422 Fulton Street

Tishman Acquires 11 Hoyt Street Site, Part of Macy’s 422 Fulton Street Building, Downtown Brooklyn

Macy’s is about to sell five stories of their nine-story building at 422 Fulton Street and the parking garage at 11 Hoyt Street (aka 217 Livingston Street) to Tishman Speyer for $170 million, according to Crain’s. Macy’s will consolidate commercial operations to 310,000 square feet, spanning the basement to the fourth floor, and Tishman will fund extensive renovations for those floor. As for the five upper floors Tishman is purchasing, those will be converted to office space and five more floors will be added up top. In the end, 10 stories of integrated office space is planned.


340 Flatbush Ave Extension

Dime Bank Acquisition Pushes Plans At 340 Flatbush Ave Extension Past 1000′ Mark, DoBro

Michael Stern’s JDS Development, partnered with Chetrit Group, is planning to acquire the landmarked Dime Savings Bank building at 9 Dekalb Avenue, in Downtown Brooklyn, for $90 million, according to Crain’s. The building could be converted to accommodate retail, but roughly 300,000 square feet of unused air rights can now be transferred to the team’s site at 340 Flatbush Avenue Extension.


250 Ashland Place, photo by

Construction Update: 250 Ashland Place, Downtown Brooklyn

Last week, YIMBY brought you an update on 333 Schermerhorn Street, and now we’ve got a look at 250 Ashland Place, a BAM Cultural District tower rising fast next to the newly built, modernist Theater for a New Audience in Downtown Brooklyn. YIMBY reader Tectonic has been keeping a close watch on all the Downtown towers, and sent along these shots of the construction progress.

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565 Fulton Street

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

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.


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