Construction on One Boerum Place in Downtown Brooklyn is getting close to topping out. The 21-story mixed-use condominium building is rising from a narrow triangular-shaped parcel bound by Boerum Place, Red Hook Lane, and Fulton Street. The project is designed by SLCE Architects and is being developed by Avery Hall Investments, Allegra Holdings, and Aria Development Group, which acquired a $165 million construction loan from Jutland Finance. The total cost is expected to be around $250 million.
YIMBY checked in on 570 Fulton Street in Downtown Brooklyn, the site of an approved 550-foot-tall mixed-use skyscraper. Designed by Hill West Architects and developed by Slate Property Group, the glass- and metal-clad tower will contain a mixture of market-rate apartments, affordable housing, retail, and office space.
Construction on the full-block development at Front & York is swiftly ascending at 85 Jay Street in DUMBO, Brooklyn. Designed by Morris Adjmi Architects and developed by CIM Group and LIVWRK, the the 1.1-million-square-foot residential project will rise 21 stories and yield 728 apartments that start around $950,000.
Installation has begun on the first portions of the glass curtain wall of the main profile at 540 Fulton Street, a mixed-use skyscraper in Downtown Brooklyn. Located at the corner of Fulton Street and Flatbush Avenue, work on the 511-foot-tall reinforced concrete structure topped out in the fourth quarter of 2019. The 43-story building is designed by Marvel Architects and developed by Jenel Management. The project will contain 330,000 square feet, with 71,844 square feet allocated to commercial use and 22,054 square feet designated for retail on the lower floors. The remaining 239,142 square feet will be spread across 327 residential units. Zebian International Facade Solutions is the manufacturer for the curtain wall.
YIMBY’s 2019 New Building Report, released this time last year, showed a major jump in applications from 2017 into 2018, with new residential units filed with the Department of Buildings rising from 20,393 to 34,039. YIMBY’s 2020 New Construction Report shows that citywide gains continued into 2019, with total units filed increasing to 36,467, a jump of 2,428 or 7.1%. The full report is available in spreadsheet format at the link for $199.