40-Story Tower Planned For Downtown Brooklyn

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[UPDATED: Monday, Sept. 10 at 10:35am] A representative for Slate Property Group provided the following statement regarding the project at 570 Fulton Street. 

“570 Fulton is a transformative project for Downtown Brooklyn, imagined with Brooklyn’s communities in mind,” Slate Property Group Principal, David Schwartz, said. “From office spaces for local business to affordable housing, this building puts Brooklyn first. We are a firm founded by New Yorkers with Brooklyn roots. We believe in being good neighbors and supporting local communities—and we’re proud to have strong relationships with the people doing important work who help those communities thrive.”

The representative also clarified that Slate’s zoning amendment request would add only commercial space to the project.

DOWNTOWN BROOKLYN – Slate Property Group is planning a 40-story, mixed-use tower at 570 Fulton Street, right next to another project the firm is working on, 1 Flatbush Avenue.

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Via 570fulton.com

The proposed building would feature 111,250 square feet of residential space, 89,900 square feet of office space, and 12,400 square feet of commercial/retail space on the first two floors, New York YIMBY reports.

The project includes 139 apartments averaging 800 square feet each, though it is not yet known whether these will be rentals or condos, according to YIMBY. Thirty percent of the units will be set aside for affordable housing.

The offices will be designed smaller compared to other office buildings in Downtown Brooklyn, in an effort to attract smaller, local businesses that want to remain in Brooklyn, the 570 Fulton website states.

570 Fulton Street via Property Shark (Photo: Christopher Bride)

An application to demolish the three-story structure currently on the site was filed in June. The developers are looking for a change in the zoning to increase the building’s FAR (floor area ratio) to 18, according to City Realty, allowing the project to rise 558 feet tall. If the  zoning change is not approved, the project will be reduced to 20 stories.

Hill West Architects, who is responsible for the design of 1 Flatbush Avenue, will also design 570 Fulton.

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