Downtown Brooklyn

Construction Resumes at 540 Fulton Street in Downtown Brooklyn

Work has resumed on 540 Fulton Street, a 511-foot-tall, 42-story, mixed-use skyscraper in Downtown Brooklyn. Construction had been suspended since February, when stop work orders were issued due to alleged safety concerns at the site. The mixed-use residential project is being designed by Marvel Architects and developed by Jenel Management. The reinforced concrete tower will yield about 330,000 square feet, with nearly 96,600 square feet to be allocated to commercial space on the lower floors. The remainder will be reserved for residences and measure about 236,900 square feet.

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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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YIMBY Tours Extell’s Brooklyn Point, the Borough’s Tallest Tower, in Downtown Brooklyn

YIMBY recently went on a hard hat tour of Brooklyn Point, aka 138 Willoughby Street, in Downtown Brooklyn. At 720 feet high and 68 stories, the reinforced concrete skyscraper is currently the tallest tower in all of Brooklyn, as well as the third and final phase of the City Point complex. Kohn Pedersen Fox is the designer of the new building, while SLCE Architects is serving as the architect of record. The rising glass curtain wall is crossing the halfway mark and will soon enclose the entire edifice in a staggered pattern of double-height glass and white-colored rectangular frames. AD 100 designer Katherine Newman is designing interior spaces. The first closings for the studio to three-bedroom units are expected to begin in early 2020, with pricing starting at $850,000. Coveted New York-based developer Extell is working on other massive projects like One Manhattan Square and Central Park Tower, New York’s current tallest skyscraper by roof height and the tallest residential building in the Western Hemisphere.

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Excavation Begins For One Boerum Place, in Downtown Brooklyn

Excavation has begun for One Boerum Place in Downtown Brooklyn. The upcoming ground-up, mixed-use condominium tower will rise 21 stories on a narrow, triangular-shaped plot of land. The site is bound by Boerum Place, Red Hook Lane, and Fulton Street. SLCE Architects is the designer while Avery Hall Investments, Allegra Holdings, and Aria Development Group are the developers. The joint venture team was recently able to acquire a $165 million construction loan from Jutland Finance. The total cost of One Boerum Place is expected to be around $250 million.

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