Exterior work is continuing on The Paxton, a 511-foot-tall mixed-use skyscraper at 540 Fulton Street in Downtown Brooklyn. Designed by Marvel Architects and developed by Jenel Management, the 43-story, 330,000-square-foot building will yield 327 residential units, 71,844 square feet of commercial space, and 22,054 square feet of retail in the podium. M.N.S. is handling sales and marketing for the homes, which range from studios to three-bedroom layouts. The property is located at the intersection of Flatbush Avenue and Fulton Street.
Since our last update in February, more of the glass façade has been installed and scaffolding and netting have gone up around the mechanical extension above the roof parapet.
A large blue marketing banner has been placed in front of the multi-story glass podium on the main northern elevation facing Fulton Street.
Retail space is set to occupy 33,000 square feet on the ground floor and second level, while offices will span floors three through eight and total 137,075 square feet of rentable area. The office portion will come with its own address, 532 Fulton Street. Floor space ranges between 9,700 square feet and 13,400 square feet with 16- to 20-foot-high ceilings, floor-to-ceiling windows, and an outdoor terrace on the top of the podium. CBRE is in charge of leasing the commercial space. Below are renderings that depict the entrance, lobby, office space, and outdoor areas of the office portion.
Homes will occupy the tower from the ninth through the 43rd floor. The residential inventory will include 96 affordable units. The Paxton’s residential amenities include a lounge, a private business center, a fitness center on the ninth floor, bicycle storage, package and laundry rooms, and a rooftop terrace with views of Downtown Brooklyn’s continually growing skyline, the New York Harbor, and Manhattan to the north.
The Paxton’s website indicates a completion date sometime later this year, but with no further specifics.