Demolition of Prospect Heights Bank Set to Make Way for 14-Story Tower
(DNAINFO) Rachel Holliday Smith — A large 1920’s-era bank on Washington Avenue is set to be demolished, according to permits approved by the city last week, making way for a 14-story apartment building to be built in its place.
The former Green Point Savings Bank building at 856 Washington Ave. and Lincoln Place in Prospect Heights will be ripped down soon following the city’s approval on Oct. 6 for a full demolition on the site, documents show.
The neo-classical stone structure built in 1928, which most recently housed a Capital One Bank, will be replaced by a new 14-story residential building by Slate Property Group, which bought the property for $6.5 million through a LLC in January, according to building and property records.