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Brooklyn's Tallest Building Planned as Office Demand Rises

  • JEMB Realty, with roots in Coney Island, plans 600-foot tower
  • City air rights help push office over housing on downtown site
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New York City officials announced plans for what may be Brooklyn’s tallest building, a 600-foot (180-meter) office tower in the borough’s downtown.

JEMB Realty, a New York-based developer with roots dating back to a Coney Island go-kart track in the early 1960s, will build the $300 million, 400,000-square-foot (37,000-square-meter) project, at 420 Albee Square, Chairman Morris Bailey said during a news conference at the site Monday.