The sky’s the limit (at least in this picture) - Brooklyn Paper

The sky’s the limit (at least in this picture)

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.

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