Jonathan Rose Closes On 183 Montague Street, More Condos To Come?

By on March 20, 2015 5:40 pm in Real Estate

Developer Jonathan Rose Companies closed on 181-183 Montague Street today, The Real Deal reports.

The bank building, currently home to a Citibank branch, comes with development rights of 93,500 square feet according to the report.

TRD: No permits have been filed with the Department of Buildings for any alterations or a new building at the site, but Rose purchased the property under the name Montague Pierrpont Apartments, LLC, which could indicate he is looking to convert it into a residential building.
Citibank currently occupies 9,350 square feet of retail space in the building. Another 21,700 square feet of the property, which goes through Pierrepoint Street, is used for office space.

183 Montague Street was built in 1909 as the People’s Trust Bank building.

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  • Lois

    Does he have air rights on this building? It’s not that tall a building. When you are inside the building, it doesn’t seem very nice, but looking at it from the outside, it is quite an impressive building.

  • DoBro84

    I have to wonder how long it will be before Jonathan Rose Companies scoops up lot 13. Recall they recently filed demolition plans for 146 Pierrepont (lot 26) and 189 Montague (lot 11).

  • johnny cakes

    Make them buy a new school, and a hospital for the residents.

  • Frenchbull

    it’s all about the luxury condos and manhattan developers have smelled it out

  • http://selfabsorbedboomer.blogspot.com ClaudeScales

    It would be a shame to lose 185 Montague, which occupies lot 13. Francis Morrone, in his An Architectural Guidebook to Brooklyn, has this to say about it:

    “This is one of the jazziest little Art Deco skyscrapers in town, its play of projecting piers and receding planes reminiscent of the punching horns of Count Basie’s orchestra. Floral and mechanical motifs are mixed in the exuberant traceried relief work. The firm of Corbett, Harrison & MacMurray began work on Rockefeller Center right after designing this building.”

    The rear portion of lot 15 (the Citibank building) facing Pierrepont Street was designed by Shreve, Lamb & Harmon, architects of the Empire State Building.

  • Willow Street Watch

    Its very simple everyone, the real estate “industry” is in the process of erecting a r-i-n-g of high rise towers surrounding
    the Heights. The tower over the library is the first. But anyone

    who has any real contacts with the business knows they want
    to place towers on top of the Citibank and Chase. They also
    are thinking of a tower at Remsen and Clinton. There is now
    even scuttlebutt about a possible upward build over structures
    inside the Clinton St “line” Think all this is some kind of a joke or theory? Think again guys. You can take it to the bank; if
    they get away with the library gambit, the flood gates can easily open…and who’s going to protect you? the BHA? Our wonder
    ful press? Only You can prevent it.

  • Love Laner

    That’s the impression I got from the article–which most likely means another behemoth high rise building coming up over the historic building–though I certainly hope that won’t be the case!

  • Love Laner

    Is the bank branch definitely going to go then? Such a shame to lose it as it was so convenient! We’re losing all useful business and utilities in the neighborhood for condos and chains it seems!

  • cool

    Downtown/BH is one of the largest concentrations of transit infrastructure in the entire city. There is no reason (apart from nimbyism) not to have more housing near it.

  • Mini_Cooper

    More fugly buildings coming just outside the historical district. Oh well, some would consider this progress…

  • Willow Street Watch

    Why doesn’t anyone think here, more towers and more population crammed into a small area and the same amount of police/fire/ems..good luck..and by the way guys these buildings will be build to a budget not to any safety standard. Want to think how to for example fight a high rise fire in one of these buildings?

    Try using your brain before a post