Last week, Extell Development acquired the last development site of the CityPoint project at 138 Willoughby Street, in Downtown Brooklyn, in a $115.5 million deal. Extell is technically leasing the 21,500 square-foot site, and the developer is planning to construct a 665,000 square-foot mixed-use tower. A four-story, 65,000 square-foot retail base is part of the deal, and Washington Square Partners and Acadia Realty Trust will own that portion.
In March, YIMBY checked in on the construction of AvalonBay’s 57-story, 861-unit mixed-use building going up at 100 Willoughby Street, in Downtown Brooklyn, and now Brownstoner notes cladding is wrapping up around the upper levels of the nearly topped-out structure. Dubbed AVA DoBro, the tower will have 15,000 square feet of retail space in its base, and the first six residential floors should be ready for move-ins by September; the entire building will open in early 2016, and SLCE is designing.
In January, the foundation was being poured at 333 Schermerhorn Street, the site of Steiner Studios’ 53-story, 581-unit mixed-use tower in Downtown Brooklyn; Brownstoner has the latest update, and it appears the tower portion is now rising and is already a few floors above the base podium. Dattner Architects and Goldstein Hill & West Architects are designing, and completion is expected in 2017.
Last year, Second Development Services paid $11 million for a four-story, turn-of-the-century walk-up at 88 Schermerhorn Street, between Court Street and Boerum Place in Downtown Brooklyn. By November, demo permits had been filed, and now plans are in the works to build a 27-story condo development on the site.
Crain’s Business reports Nicholas Cammarato has placed the development site at 215 Schermerhorn Street, in Downtown Brooklyn, on the market for nearly $30 million. TerraCRG is marketing the property, which can accommodate a 140-foot-tall, 75,000 square-foot residential building or hotel. A four-story structure has already been demolished.