Mixed-Use

Funding Secured for Brooklyn’s First Supertall, at 9 DeKalb Avenue

Developer JDS has secured $664 million in funding for the construction of 9 DeKalb Avenue in Downtown Brooklyn. The future residential skyscraper will soon rise 1,066 feet and become the tallest structure in Brooklyn, as well as the first tower in the outer boroughs to pass the 300-meter “supertall” threshold. The loan is coming from Otéra Capital Inc. and Silverstein Capital Partners. SHoP Architects is designing the building, which is located at the corner of DeKalb Avenue and Fleet Street, and sits across the street from the City Point complex. The development is expected to contain 425 rental apartments and 150 condominiums.

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111 Varick Street Rises Past First Setback, in Hudson Square

Work on 111 Varick Street’s reinforced concrete structure is making swift progress in Hudson Square, recently surpassing the first of several setbacks. Located at the northern corner of Varick Street and Broome Street, the future 27-story residential tower received a design update late last year, which can be seen in the featured image above. The rental project is being designed by S9 Architecture and developed by Madigan Development. It will contain 100 affordable and market-rate units, as well as ground-floor retail space. CM & Associates is in charge of construction.

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