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L: 540 Fulton Street rendering posted on construction fence, R: Rendering via Loopnet L: 540 Fulton Street rendering posted on construction fence, R: Rendering via Loopnet
Another high-rise, mixed-use tower is heading to the development-heavy Downtown Brooklyn area. Revised permits show the once proposed office structure at 540 Fulton Street will now hold a whopping 327 residential units and stand 511 feet tall – just a foot shorter than the former Williamsburg Savings Bank Tower (converted into condos in 2006), which stood as Brooklyn's tallest high-rise building between 1929 and 2009.
Old rendering of retail space at 540 Fulton Street (Jenel Management)
In April 2016, real estate investment and management firm Jenel Management filed permits for a 19-story, 200,000-square-foot building, renderings for which were revealed (see below) by 6SQFT a month later. Now, 540 Fulton Street will hold 96,592 square feet of commercial space with retail and office space occupying floors 1 through 8. There will be 236,869 square feet of residential space, which comes out to roughly 720 square feet per unit – indicating rental-sized apartments. Floors 10 through 30 will house 10 units each and floors 31 through 43 will house 9 units each.

The floor schedule doesn't call for any particularly special amenities; residents will have access to storage rooms, bike rooms, a package room, one laundry facility, and a business center, a gym, and two lounges with terraces on the 9th floor. There will also be a roof deck with a lounge, undoubtedly showcasing stunning Brooklyn and Manhattan views.

Office workers will be given some amenities as well, including two terraces and a bike room.

Manhattan-based Marvel Architects is still on board to design the soaring project, but its latest design is certainly lackluster compared to the firm's other work, which includes the nearby 36-story condo One Clinton and the luxury rental The Pierrepont.
Old rendering (Jenel Management)
540 Fulton Street's latest rendering
An ornate two-story structure once featured as Brownstoner’s “Building of the Day” stood at 540 Fulton Street until it was demolished in December 2015. A recent site visit now shows active construction and an expected completion date of October 2020 posted on the fence.

The 43-story tower will rise in the same area as Brooklyn's future tallest towers: 9 Dekalb, 138 Willoughby Avenue (1 City Point), and 80 Flatbush.
The now-active construction site at 540 Fulton Street (CityRealty)
Content Specialist Sandra Herrera Sandra Herrera is a writer, editor, and graphic designer based in Brooklyn, NY.