At number 25 on our December countdown of the tallest buildings under construction in the New York area is The Paxton, a 43-story mixed-use skyscraper at 540 Fulton Street in Downtown Brooklyn. Designed by Marvel Architects and developed by Jenel Management, the 511-foot-tall structure will yield 330,000 square feet with 327 residential units in studio to three-bedroom layouts, as well as 137,075 square feet of office space and 33,000 square feet of retail space in the multi-story podium. M.N.S. is handling sales and marketing for the residential component of the property, which is located by the intersection of Flatbush Avenue and Fulton Street.
Exterior work has continued to progress since our last update in late October, and the grid of metal paneling between the floor-to-ceiling glass is nearly complete. The façade of the multi-story office and retail podium has also progressed, with trim work now lining much of the upper edge below the setback. The glass in the podium features a more transparent finish than the residential levels above.
Work on the blank eastern and western profiles is done, and the mechanical extension at the top of the superstructure is also complete.
The below renderings showcase The Paxton’s commercial podium and its interiors. The retail space will occupy the ground floor and second level, while office space will span floors three through eight with 16- to 20-foot ceiling heights. Rentable space ranges between 9,700 square feet to 13,400 square feet. CBRE is in charge of leasing the commercial space, which also features a sixth-floor outdoor terrace with landscaping and seating.
Additional renderings depict the entrance and office lobby, which will be located on the western end of the ground floor with a separate address, 532 Fulton Street. The residential lobby will be positioned on the opposite eastern side.
Residential units will span from the ninth through 43rd floor, and 96 units will be designated for affordable housing. 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.
YIMBY predicts The Paxton to complete construction sometime within the first half of 2023.