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180

Montague

Apartments

180 Montague Street

Brooklyn, NY

THE STORY:

In the face of challenging zoning restrictions and vocal community board opposition, turned a 2-story retail property on the main shopping street in Brooklyn Heights into a 33-story luxury residential rental building.

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Building icon used on the Continuum Company website, a boutique ground-up real estate development firm in New York & Florida.

192 RESIDENCES

Stair icon used on the Continuum Company website, a boutique real estate development company in New York and Florida.
Wrench icon used on the Continuum Company website, a ground-up real estate development firm in New York and Florida.

33 STORIES

BUILT 1998

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180 Montague Apartments | Luxury Rentals | Brooklyn Heights

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KEY DETAILS

Total Cost: $54 Million

Total Gross Sq Ft: 212,000

 

USES:​

  • 190,000 sq. ft of luxury rental apartments

  • 10,000 sq. ft. of retail

  • 12,000 sq. ft parking below grade 

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AMENITIES:

  • 24-hr Fitness center, outdoor roof deck, lounge

  • Walking distance of the Brooklyn Heights Promenade, Brooklyn Bridge Park, Hillside Dog Park

  • Supermarket at base retail 

  • Steps from the Subway (R,2,3,4,5)

PROJECT CHALLENGES

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  • Existing development rights from the parcel were not large enough to create the critical mass and the views that would set the building apart from existing market inventory.

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  • Property development required relocating a group of retail tenants led by Off Track Betting, a quasi-public entity that occupied much of the ground floor of the building. 

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  • There was opposition from community groups because the proposed 33-story building was in sharp contrast to the existing low scale development.

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  • A subway tunnel located just a few feet from the proposed foundation, posed significant construction challenges and required government agency design and engineering approvals.

Lobby at 180 Montague Apartments in Brooklyn Heights. Stone floors with dark wood walls and hallway to the elevator.
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OUR SOLUTION

  • Successfully relocated Off Track Betting and the other retail tenants.

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  • Procured air rights from 8 adjoining buildings resulting in an additional 27 floors and 360 degree unobstructed views of Manhattan, Queens, Staten Island and New Jersey.

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  • Development qualified for outer-borough 20-year tax exemption from increases due to property improvements.

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  • Managed community opposition by meeting with neighborhood associations and community board members throughout the development process.

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  • Rather than traditional excavation and foundation construction, a slurry wall foundation process was used. The system allowed the subway tunnel to remain “pressurized” and intact during excavation and foundation work.

Exterior of 180 Montague Apartments. 33 story brick luxury apartment building in the Brooklyn Heights neighborhood.
The Continuum Company logo with white letters and black background. Continuum is a real estate development firm in NYC & FL.
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                   NEW YORK HEADQUARTERS:                                                                                             T +212 554 3700                                                                       FLORIDA HEADQUARTERS:

 49 West 23rd Street, 4th FL, New York, NY 10010                                                                        reception@continuumcompany.com                                               1700 79th Street, Suite 136, North Bay Village, Florida 33141

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