Here’s the latest rendering of a proposed $750-million revamp of the Gallery at Fulton Mall. Plans for a 45- to 60-story tower — only hinted at in this rendering — now call for 70 fewer units of below-market-rate housing and 300 fewer jobs than previously proposed.
The mall, bordered by DeKalb Avenue, Flatbush Avenue Extension and Willoughby Street, has been a hot potato since the city upzoned Downtown Brooklyn in 2004 and sent real-estate prices soaring.
Acadia Realty Trust and McFarlane Partners purchased the site from developer Joe Sitt in February for $125 million. Sitt had paid $25 million three years earlier.