Downtown Brooklyn

Housing Lottery Launches for Maxwell Downtown Brooklyn at 111 Willoughby Street in Downtown Brooklyn

By Vanessa Londono

The affordable housing lottery has launched for Maxwell Downtown Brooklyn, a 40-story residential building at 111 Willoughby Street in Downtown Brooklyn. Designed by GF55 Architects and developed by The Michaels Organization, Triangle Equities, and Geolo Capital, the structure yields 227 residences. Available on NYC Housing Connect are 69 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $101,143 to $218,010.

Read More

63-Story Skyscraper Revealed for Second Phase of Alloy Block in Downtown Brooklyn

By Michael Young and Matt Pruznick

Designer and developer Alloy Development has revealed new renderings for One Third Avenue, a 63-story skyscraper in the second phase of the Alloy Block complex in Downtown Brooklyn. The 725-foot-tall structure will rise to the northwest of the completed 44-story Alloy Block tower at 505 State Street and will secure the title of the tallest Passive House-engineered building in the world. The building will yield 583 market-rate and affordable housing units, retail space, and commercial office space. The Alloy Block is bound by Flatbush Avenue to the northeast, Third Avenue to the northwest, and State Street to the south.

Read More

Demolition Finishes for Forthcoming 450-Unit High-Rise at 275 Flatbush Avenue Extension in Downtown Brooklyn

By Michael Young and Matt Pruznick

Demolition has concluded at 275 Flatbush Avenue Extension, the site of a forthcoming five-tower, 450-unit residential complex in Downtown Brooklyn. Designed by J Frankl Architects and developed by Jacob Kohn of The Jay Group, the conjoined structures are planned to stand 27 stories and 293 feet tall, each with 90 units and two cellar levels. The developer purchased six adjacent lots for $75 million from Pearl Realty Management to form a 39,000-square-foot assemblage at the corner of Flatbush Avenue Extension and Willoughby Street. The deal also included $12.5 million of air rights transferred by the nearby 147 Pearl Street.

Read More
Photograph of 505 State Street in Downtown Brooklyn. Credit: Pavel Bendov

Alloy Development Secures $290 Million for 505 State Street in Downtown Brooklyn

By Max Gillespie

Alloy Development recently secured $290 million in permanent financing for 505 State Street, a 44-story all-electric tower in Downtown Brooklyn. Also designed by Alloy, the 482-foot-tall foot tall structure is nearing completion and will yield 441 rental apartments, with 45 designated for affordable housing. The Flatironesque building is located at the intersection of State Street and Flatbush Avenue.

Read More

The Brook’s Exterior Nears Completion at 589 Fulton Street in Downtown Brooklyn

By Michael Young and Matt Pruznick

At number 15 on our year-end countdown of the tallest construction projects in New York is The Brook, a 601-foot-tall residential skyscraper at 589 Fulton Street in Downtown Brooklyn. Designed by Beyer Blinder Belle and developed by Witkoff Group and Apollo Global Management, the 51-story structure will span 557,973 square feet and yield 591 rental units with an average scope of 827 square feet, as well as 68,693 square feet of retail space, a cellar level, and two floors of recreational and sports amenities. Thirty percent of the units will be reserved for affordable housing. The property is bound by DeKalb Avenue to the north, Fulton Street to the south, Flatbush Avenue diagonally to the east, and Bond Street to the west.

Read More
Fetching more...