Brooklyn’s DUMBO neighborhood has been mostly built out for several years now, but within the dense blocks to the west of the Manhattan Bridge overpass, there are still several remaining opportunities. New building applications have now been filed for the vacant lot at 85 Jay Street, which will have a total construction area of 875,505 square feet. Within that, there will be a 1,154 square-foot community facility, 60,017 square feet of commercial space, and 812,978 square feet of residential space, to be divided amongst 737 units. That would normally indicate apartments, but at an average size of over 1,100 square feet, condominiums would also seem possible. Morris Adjmi will be designing the 21-story and 250-foot-tall project, and Kushner Companies will be developing, having acquired the site alongside the Jehovah’s Witness Headquarters at 25-30 Columbia Street for $700 million last year.
Kushner Companies, LIVWRK, and the CIM Group have closed on the purchase, for $345 million, of the 135,000-square-foot development site at 85 Jay Street, in DUMBO. The full-block property, currently vacant, could accommodate up to 1.1-million square feet of mixed-use development, the New York Post reported. The new owners plan to develop the site within current zoning laws. A project “with mixed uses” is planned, although plans are very preliminary. It was reported earlier that the site could host as many as 1,000 residential units. The team is in the process of hiring architects and consultants.
Yesterday, YIMBY featured an update on Kushner Companies’ 30 Journal Square, which has transformed from a 40-something-story building into a 72-story tower. Today, we have a fresh look at One Journal Square, which has also experienced a significant height bump. What was originally supposed to host two 50-odd story buildings will instead give rise to one tower of 56 floors, and another of 79 floors.
YIMBY first brought you a look at plans for Kushner Companies’ 30 Journal Square, in Jersey City’s Journal Square neighborhood, back in March of 2014. Now, the city has approved plans for it to rise, though they will differ dramatically from what was previously posted, with Morris Adjmi Architects designing a soaring 72-story tower.
Over the spring, a team of developers entered into contract to acquire, from the Jehovah’s Witnesses, the 11-story, 739,000-square-foot commercial complex known as the Watchtower, at 25-30 Columbia Heights, in Brooklyn Heights. The team – now a joint venture between the Kushner Companies, CIM Group, and LIVWRK – have closed on the purchase for roughly $340 million, Commercial Observer reported. The new owners plan to convert the complex into creative office space, likely similar to how some of the same developers transformed the five-building complex now dubbed DUMBO Heights. The redevelopment is expected to begin within a year. In addition to the acquisition of 25-30 Columbia Heights, the same partnership is remains in contract to buy the vacant, block-encompassing development site at 85 Jay Street, in DUMBO.