The development that ends up on top of the original Brooklyn Junior's might be a lot bigger than originally anticipated. The Junior's property is still being marketed to developers, and meanwhile JP Morgan Chase, which owns the landmarked bank building next to the iconic restaurant, is considering adding the bank's air rights into the Junior's package.
For those unfamiliar with zoning lingo, air rights are a building's unused rights to vertical development, which are allowed to be transferred over to a neighboring property. In other words, zoning allows for a much taller building where the bank stands, but because it's a landmarked building, it will never use those rights. If JPMorgan Chase does decide to sell its air rights to the Junior's site developer, the condos could tower 50 stories above the restaurant, making it the second tallest building in Brooklyn. No decision or sale has been made yet, but the Junior's owners still promise that the restaurant will return to the ground floor space once the building is complete. In the meantime, they are also on the hunt for a second location elsewhere in Brooklyn.
· 50-Story Tower Could Sprout on Junior's Site [Crain's]
· The Original Junior's is Getting Some Condos on Top of It [~ENY~]
· All Coverage of Junior's [~ENY~]