50-Story Tower May Go Up on Junior’s Site in Brooklyn

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One more for the road? Photo: Jonathan Bourland

Crain's reports that JPMorgan Chase is contemplating selling the "hundreds of thousands of square feet of untapped development rights" above its MetroTech Center home, which happens to be adjacent to Junior's. In February, owner Alan Rosen announced his famous cheesecake restaurant would close in advance of demolition and construction of a new building, but vowed to reopen Junior's inside whatever goes up next on the site. (Rosen also said he'd open another restaurant in the interim to supplant the pastry shortage.) If the parcels are combined, this means the iconic Brooklyn restaurant may eventually be returning to the base of a 50-floor, 385,000-square-foot behemoth building. Every developer in New York City is looking at this, Stephen Palmese, a partner at Massey Knakal Realty Services, tells Crain's. [Crain's, Earlier, Related]