[Albee Square Mall photo via ForgottenNY]
After Thor Equities sold the Albee Square Mall in Downtown Brooklyn for $125 million, taking a $100 million profit back to Coney Island to aid in coaster construction, there were a lot of reports of what was to come from the three-level strip of shops. Everyone agreed that Albee in its current state would be no more, and Andy Newman fills in a lot of blanks in the Times today. According to the plan, the mall will be torn down and rebuilt at triple the size, and it will sprout a tower that will include office space as well as 1,000 rental apartments, 20% of which will be held for moderate-income tenants. Sounds like a big-ass building, and it is. Deputy Mayor Dan Doctoroff said it would be "one of the tallest buildings in Downtown Brooklyn." Sounds like Ms. Brooklyn's got a hot Valentine!
· Deal Would Triple the Size of the Albee Square Mall in Brooklyn and Add a High-Rise [NYTimes]
· Cross Brooklyn's Albee Square Off Wal-Mart's NYC List [Curbed]