BELLINGS

Developer Plans 297 Housing Units Across From Downtown Brooklyn Macy’s Project

Another residential tower might be coming to Downtown Brooklyn, directly across from a major retail makeover project at the former Macy’s. Local developer Shimon Klein has filed plans with the New York City Department of Buildings to bring a trio of 99-unit residential buildings…

Another residential tower might be coming to Downtown Brooklyn, directly across from a major retail makeover project at the former Macy’s. Local developer Shimon Klein has filed plans with the New York City Department of Buildings to bring a trio of 99-unit residential buildings…

BELLINGS Intelligence Score: 10

Why it matters

This is a routine real estate development plan involving a moderate number of housing units in a localized market, with limited broader credit-market impact or novelty.

Sources