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180

Montague

Apartments

180 Montague Street

Brooklyn, NY

THE STORY:

In the face of challenging zoning restrictions and vocal community board opposition, turned a 2-story retail property on the main shopping street in Brooklyn Heights into a 33-story luxury residential rental building.

192 RESIDENCES

33 STORIES

BUILT 1998

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KEY DETAILS

Total Cost: $54 Million

Total Gross Sq Ft: 212,000

 

USES:

  • 190,000 sq. ft of luxury rental apartments

  • 10,000 sq. ft. of retail

  • 12,000 sq. ft parking below grade 

AMENITIES:

  • 24-hr Fitness center, outdoor roof deck, lounge

  • Walking distance of the Brooklyn Heights Promenade, Brooklyn Bridge Park, Hillside Dog Park

  • Supermarket at base retail 

  • Steps from the Subway (R,2,3,4,5)

PROJECT CHALLENGES

  • Existing development rights from the parcel were not large enough to create the critical mass and the views that would set the building apart from existing market inventory.

  • Property development required relocating a group of retail tenants led by Off Track Betting, a quasi-public entity that occupied much of the ground floor of the building. 

  • There was opposition from community groups because the proposed 33-story building was in sharp contrast to the existing low scale development.

  • A subway tunnel located just a few feet from the proposed foundation, posed significant construction challenges and required government agency design and engineering approvals.

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OUR SOLUTION

  • Successfully relocated Off Track Betting and the other retail tenants.

  • Procured air rights from 8 adjoining buildings resulting in an additional 27 floors and 360 degree unobstructed views of Manhattan, Queens, Staten Island and New Jersey.

  • Development qualified for outer-borough 20-year tax exemption from increases due to property improvements.

  • Managed community opposition by meeting with neighborhood associations and community board members throughout the development process.

  • Rather than traditional excavation and foundation construction, a slurry wall foundation process was used. The system allowed the subway tunnel to remain “pressurized” and intact during excavation and foundation work.

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30 West 21st Street, 11th Floor, New York, NY 10010                    T +212 554 3700                info@continuumcompany.com                press@continuumcompany.com