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107-Year-Old Bank Becoming Apartments Loses Its Rotunda

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An erstwhile Beaux-Arts beauty, the Roosevelt Savings Bank on Gates Avenue near Broadway in Bed-Stuy, has had to sacrifice its historic rotunda in order to become apartments. Brownster first reported the loss. It's too bad, because it was apparently lovely, but it seems these are the things a developer must tear down if a building isn't landmarked. Aron Kapelyus of Kai Construction has torn the roof off and plans to add stories to the building and gut the interior so that it can house 50 apartments and 25 parking spaces. The same developer has also filed to erect a seven-story building on the same lot, behind the bank in its parking lot, which would have an additional 86 units.
· The Historic Rotunda Is Gone From Bed Stuy's Roosevelt Savings Bank Building [Brownstoner]
· Bed-Stuy's Beautiful Beaux-Arts Bank To Become Apartments [Curbed]