Developer Flank is moving along with plans for a new condo-hotel at 140 Schermerhorn Street in Downtown Brooklyn.
The 19-story, 120-unit project will be designed by Goldstein, Hill & West Architects, according to this permit filed June 5th. The site, also known as 71 Smith Street, is currently a parking lot. The building will have 99,245 square feet of retail, 213,181 square feet of residential space and 94,202 square feet of community space, so there’s something for everyone.
Hotel rooms will be on the third through sixth floors, and apartments will start on the seventh floor, according to this Schedule A filing. There will also be enclosed parking, a gym, bike storage and a restaurant.
Flank partnered with the Carlyle Group to buy the development site for about $40 million in 2012, with Flank as the primary builder, Crain’s reported.
Now bring us some renderings, because we’re excited.