Apr. 22, 2020 - The Real Deal

Rockrose Development’s plans for its first large-scale development in Brooklyn call for a 47-story, mixed-use tower.

Rockrose recently filed an application for the development at 98 Dekalb Avenue with the city’s Department of Buildings, a few days after closing on the site in an $81 million, all-cash deal.

Justin Elghanayan, Rockrose’s president, did not immediately respond to a request for comment.

Spanning a little more than 418,000 square feet, the project will have 609 apartments and retail on the first floor, according to the filing. The architect of record is SLCE Architects.

Rockrose went into contract on the site, on the border of Downtown Brooklyn and Fort Greene, a couple of blocks from Fort Greene Park, over the summer. The deal includes a neighboring property’s air rights.

Rockrose’s focus is on large projects in Manhattan and Long Island City. In December, the firm secured $255 million from Wells Fargo to construct a rental tower at 555 West 38th Street in Hudson Yards.