Downtown Brooklyn



One Willoughby Square Begins Vertical Ascent Above Downtown Brooklyn

Located in Downtown Brooklyn, One Willoughby Square, aka 420 Albee Square, is going to be a new 500,000-square foot Class-A office tower. The 18,000-square foot site is situated across the street from City Point and Brooklyn Point. As of now, work on the 34-story, 495-foot tall development is climbing above the fifth floor. It is being designed by FXCollaborative and bring developed by JEMB Realty. Gilbane is in charge of construction.

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New York YIMBY’s 2019 Construction Report Shows Impressive 70% Year-Over-Year Surge in Multi-Family Housing Filings

Once again, January has arrived, alongside New York YIMBY’s annual pipeline report. After our mid-2018 update portended a banner year for new construction, the 2019 report has confirmed it, as the total number of multi-family units filed with the Department of Buildings saw a tremendous surge over the past 365 days. 2018 saw 32,580 multi-family units filed with the DOB, beating 2017’s total of 19,180 units by a whopping 70%. The full 2019 report, containing all 2,482 of 2018’s new building filings in spreadsheet format, is available at the following link for $199.

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Tishman Speyer’s 11 Hoyt Launches Sales in Downtown Brooklyn

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.

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