Excavation has begun for One Boerum Place in Downtown Brooklyn. The upcoming ground-up, mixed-use condominium tower will rise 21 stories on a narrow, triangular-shaped plot of land. The site is bound by Boerum Place, Red Hook Lane, and Fulton Street. SLCE Architects is the designer while Avery Hall Investments, Allegra Holdings, and Aria Development Group are the developers. The joint venture team was recently able to acquire a $165 million construction loan from Jutland Finance. The total cost of One Boerum Place is expected to be around $250 million.
YIMBY recently toured The Overlook, the top-floor, double-height penthouse lounge at The Amberly in Downtown Brooklyn. Also known by its address, 120 Nassau Street, the newly completed, 33-story rental building is designed by Woods Bagot Architects and developed by AmTrust Realty, with interiors by BHDM Design.
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.
Yet another residential skyscraper is in the works at 570 Fulton Street in Downtown Brooklyn, and today YIMBY has an update on site progress. The main elevation of the existing three-story, low-rise building is now sitting behind construction netting and scaffolding, and it will soon be demolished to make way for the planned 40-story mixed-use replacement. Hill West Architects is the designer of the project, while David Schwarz of Slate Property Group will develop the structure. Office and retail space is reportedly going to be in the lower section of the 550-foot tall development.
Downtown Brooklyn‘s ever-expanding skyline is set for yet another major imminent addition with the impending rise of 540 Fulton Street. Set to stand 511 feet tall with 327 residential units, the tower will certainly make an impact on the surrounding neighborhood. Designed by Marvel Architects and developed by Jenel Management, the 42-story project will span close to 333,000 square feet. About 96,600 square feet will be allocated towards commercial space, while nearly 236,900 square feet will be used for the residential component.