Located in Downtown Brooklyn, sales have officially launched for 11 Hoyt Street, an upcoming 770,000 square foot residential tower designed by Studio Gang Architects, under the direction of Jeanne Gang. Tishman Speyer is the developer of the 57-story, ground-up residential structure, which will rise on a full block. Hill West is the architect of record, while Corcoran Sunshine Marketing Group is managing sales for the 480 units.
Two weeks ago, YIMBY reported on plans to build a 40-story mixed-use tower on the wedge-shaped 570 Fulton Street lot in Downtown Brooklyn. Renderings have now surfaced of the proposal, and though they are low in quality, they still reveal quite a lot about the project. The proposition would be a good step forward for Brooklyn’s densification, and the new office space will help ameliorate the Borough’s residential imbalance.
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.
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.