Extell Development Company has announced the successful acquisition of $530 million in financing for Brooklyn Point, its first development in the borough. When complete, the 720-foot-tall structure will become the tallest residential tower in Brooklyn, surpassing The Hub, located just to its south.
It’s been three months since we got a first look at what’s coming to 11 Hoyt Street in Downtown Brooklyn. Now, construction is starting to rise above street level. The latest images from Tectonic reveal that the building has reached its sixth floor, just shy of one-eighth of the eventual total floor count. At this point, no elements of the distinctive design from the renderings are visible. The 51-story condominium tower is being designed by Studio Gang, a Chicago-based firm. This will be their first residential building in New York City.
Today, YIMBY has the exclusive first look at renderings of 1 Flatbush Avenue’s interiors and exteriors. The structure, triangularly shaped at the intersection of Flatbush Avenue and Fulton Street, will be adding new rental apartments to Downtown Brooklyn, 20% of which will let at affordable rates. Slate Property Group and Meadow Partners are responsible for the development.
In the heart of downtown Brooklyn, just off of Flatbush Avenue and adjacent to the City Point complex, One Willoughby Square, also known as 1WSQ or 420 Albee Square, is now on track to become the tallest Class A office tower in Brooklyn. A $235 million construction loan has now been approved and secured from Otera Capital, a Canadian real estate lending company. JEMB is the developer of the upcoming office project.
The Brooklyn Grove has now topped out at 27 stories above Downtown Brooklyn’s buzzing metro-center. Work will now begin on the structure’s exterior, comprised of glazed brick and large residential windows encased in custom metal framing.