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Developer behind SHoP-designed The Brooklyn Tower is facing foreclosure on $240 million loan

2024-04-04T12:20:00-04:00

Michael Stern, the developer of SHoP’s new The Brooklyn Tower (also known by its address at 9 Dekalb Avenue), is facing foreclosure over a failure to pay a $240 million loan that was extended by Silverstein Properties in 2019 to complete the 93-story project, according to reports from The Real Deal.

As TDR pointed out, Stern is also responsible for 111 West 57th Street, which has had issues with cost overruns and other legal setbacks.

Stern, a veteran of the city’s high-stakes recent luxury market, is known for making huge bets on his projects. Speaking for a 2020 Financial Times profile, FXCollaborative’s Daniel Kaplan said of his approach, “He’s commissioned some very good architecture. The thing that’s really interesting about him is that all the things people say you can’t do — or you can’t do for the money — he says, ‘Forget it!’”

The tower, which stands as Brookly...

Take a look inside Woods Bagot's lobby design for The Brooklyn Tower

2023-05-30T19:55:00-04:00

Woods Bagot has shared photos of their ongoing interior work inside SHoP’s supertall landmark The Brooklyn Tower (formerly known as 9 DeKalb), in anticipation of the record-breaking high-rise’s completion later this year.

The project was led by Principal Krista Ninivaggi of Woods Bagot’s New York studio. Their brief for a lobby space and an amenity program called for a seamless transition between the 93-story building’s interior and exterior facade, whose own design was inspired by the imagined “Metropolis of Tomorrow” first envisioned by writer and architect Hugh Ferriss in the late-1920s.

Photo by Adrian Gaut

An assembly of wood veneers and milled panels scaled to the facade's extrusions feature prominently among the building’s interior. Further details include stone cladding and a vaulted ceiling that harkens to the former Dime Saving Bank that forms the tower’s base. Overall, The Brooklyn Tower includes a total of 547 apartment units, a commercial gym, and four pools in addition...

Brooklyn's first supertall skyscraper officially tops out

2021-10-28T12:58:00-04:00

Brooklyn’s first supertall skyscraper has officially topped out. 9 DeKalb, now officially known as The Brooklyn Tower, stands at 1,066 feet and comprises 93 stories.

View this post on Instagram A post shared by JDS Development Group (@jdsdevelopmentgroup)

Designed by SHoP Architects and developed by JDS Development Group, the tower rises adjacent to the historic 20th-century Dime Savings Bank. Its form and façade are informed by the hexagonal composition and patterning of the landmarked former bank, along with its materiality that includes bronze, steel, and marble. Ascending the building, the façade transforms into blackened stainless steel and shades of bronze and copper. Alternating panels of glazing in different sizes and materials create a fade from bronze to black as the tower moves upwards.

The Brooklyn Tower has been under construction since 2018 and cost $750 million to develop. JDS Development Group bought the Dime Savings Bank for $95 million in 2016. ...

SHoP Architects' supertall residential tower 9 DeKalb is now the tallest building in Brooklyn

2021-07-12T14:11:00-04:00

9 DeKalb, a soaring residential tower by SHoP Architects and developers JDS Development Group, is officially the tallest building in Brooklyn, New York.

Via an Instagram post, JDS Development Group announced that the under-construction skyscraper has recently reached 721 feet. When complete, 9 DeKalb will be 93 stories, standing at 1,066 feet.

View this post on Instagram A post shared by JDS Development Group (@jdsdevelopmentgroup)

The tower sits adjacent to the landmarked Dime Savings Bank of Brooklyn, which was originally built in 1906. As part of the project, the bank’s interior will be restored and repurposed to form part of a new mid-block connection for pedestrians. The tower’s façade compliments its historic neighbor with a palette of materials, including bronze, steel, and marble.

Image: Courtesy SHoP Architects

9 DeKalb is hexagonal in shape, which was inspired by the patterns and floor plate of the bank. The façade consists of alternating panels of gla...