Downtown Brooklyn


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.


8-16 Nevins Street

Developers To Purchase Assemblage At 8-16 Nevins & 299 Livington Streets, Downtown Brooklyn

Adam America and Slate Property Group are in contract to acquire the connecting development sites spanning 8-16 Nevins Street and 299-301 Livingston Street, in Downtown Brooklyn, for more than $50 million. The assemblage reportedly boasts roughly 180,000 square feet in building potential. Demolition on the site’s existing low-rise buildings will continue once the transaction closes in the next few months.


One Flatbush Avenue, rendering by Goldstein, Hill and West Architects

Demolition Update: 1 Flatbush Avenue, Downtown Brooklyn

The squat two-story commercial building that once filled the corner of Flatbush Avenue and Fulton Street has been completely demolished. Back in April, the Post reported that Slate Property Group and and Meadow Partners closed on the purchase of the site at 1 Flatbush Avenue for a record-breaking $59 million, and it looks like work is moving right along.

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