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Read the press release here.

Junior's Owners Looking to Sell Flagship Site to Condo Developers

By Janet Upadhye | February 20, 2014 3:46pm
 Owner Alan Rosen plans to rent the bottom floor of the space after condos are built.
Owner Alan Rosen plans to rent the bottom floor of the space after condos are built.
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DOWNTOWN BROOKLYN — It's a taste of the future.

The owners of Junior's — a Brooklyn cheesecake shop and diner founded in 1950 — plan to sell their flagship location in Downtown Brooklyn to a high-rise condo developer, according to reports.

Alan Rosen, the grandson of the restaurant's founder, is looking for a developer for the Flatbush Avenue site but plans to negotiate a deal to lease the bottom floor in the new building, which could rise more than 20 stories, according to the Daily News.

The location is expected to be valued at between $45 and $55 million, Curbed reported.

Junior's owners plan to look for a temporary location during construction.

For many, Junior's is a staple of the Downtown Brooklyn landscape and its possible sale to developers marks the changing times.

"Oh no! Downtown Brooklyn will never be the same," tweeted Junior's fan Mrs. JB. "End Of An Era."

Junior's did not immediately respond to a call for comment.