Despite the anticipated slowdown of commercial real estate, Brooklyn Navy Yard Development Corporation, or BDNYC, is reporting more than 160,000 square feet of new commercial leases within the former industrial complex. This figure does not include an additional 81,000 square feet of lease renewals and an unspecified inventory in their 2021 pipeline.
Work is nearing completion on Brooklyn Point, the borough’s tallest skyscraper at 720 feet and number 19 on our countdown of the tallest construction projects underway in the city. Developed by Extell and designed by Kohn Pedersen Fox with SLCE Architects as the architect of record, the 68-story residential tower is part of the City Point complex in Downtown Brooklyn and is formally addressed as 1 City Point and 138 Willoughby Street. The property will contain 458 units in studio to three-bedroom layouts, with interior design by Katherine Newman. Ryan Serhant and his newly established brokerage, SERHANT, will handle sales for the homes, which will range from $850,000 to nearly $4 million.
A new collection of townhouse properties in the Bedford-Stuyvesant Historic District of Brooklyn is now under review by the Landmarks Preservation Commission (LPC). The site of the four proposed structures is located at 437-441 Lewis Avenue and 39 Chauncey Street, and is one of the latest developments from Unicorn Properties Group.
The Landmarks Preservation Commission has again rejected proposals to construct a new three-story townhouse at 56 Middaugh Street in Brooklyn Heights. Designed by Pratt + Black Architects, the three-story townhouse would redevelop a partially vacant lot that is sandwiched between an existing single-story garage and another three-story, albeit shorter, single-family townhouse.
Exterior work is getting closer to completion on 11 Hoyt Street, a 620-foot-tall residential skyscraper in Downtown Brooklyn and number 25 on our countdown of the tallest projects under construction in the city. Developed by Tishman Speyer and designed by Jeanne Gang of Studio Gang with Hill West Architects as the architect of record, the 57-story residential skyscraper features a distinctive wavy façade that makes a profound impact on the blossoming Brooklyn skyline. Michaelis Boyd Associates is leading the interior design for the property’s 481 residential units, which will come in 190 different layouts, and Edmund Hollander of Hollander Design is in charge of the landscaping for the building’s private outdoor green spaces. Corcoran Sunshine Marketing Group is leading the sales and marketing for the residences.