A new residential tower may be coming to Downtown Brooklyn: word has it that JDS Development and The Chetrit Group just snagged two low-rise buildings at 340 Flatbush Avenue Extension for $43.5 million. The lot allows 174,000 square feet of building, which NYDN points out can, amongst other layouts, be configured as "a stumpy 12-story building or as a slender tower with setbacks." The lot is just a block down from the famous Junior's restaurant, whose recent listing and potential conversion into a condo tower may see the site rise to 50 stories.
· JDS Development and Chetrit Group snap up Downtown Brooklyn site for new tower [NYDN]
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