$143M Deal To Bring 800 New Apartments To Dean Street: Report

PROSPECT HEIGHTS, BROOKLYN -- Developers finalized a $143.1 million deal that will bring two new towers and 800 apartments to the Pacific Park project, city records and reports how.

Luxury developer TF Cornerstone bought two neighboring parcels at 615 and 595 Dean St. from Greenland Forest City Partners earlier this month, according to city records and a Commercial Observer report.

Now TFC can go ahead with plans, first reported by the New York Post, to develop two apartment complexes, retail space, parking lots and 72,000 square feet of outdoor space.

Once the development is completed, which TFC told Commercial Observer is projected to occur in 2020, the Pacific Park development will include more than 6,400 apartments and eight acres of public open space.

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