neighbourhood_spotlight

A decade after the 2004 rezoning, Downtown Brooklyn is powering up its skyline with ever-taller apartment buildings.

The area was the borough’s hottest neighborhood for residential building activity this month, with more than 2,000 units under construction. According to a July report by the Downtown Brooklyn Partnership, more than 6,500 residential units have been built since 2005, and 9,000-plus apartments are in the construction pipeline, set to be completed by 2018.

Brooklyn’s current tallest tower, 388 Bridge Street, was completed last winter. Rising 590 feet tall, the rental and condo project is pretty much the only game in town when it comes to available new condos; all the new-construction apartments for sale in Downtown Brooklyn right now are 388 Bridge listings.

Meanwhile, BKLYN Air (formerly known as Oro 2), a 255-unit rental rising 432 feet tall, is just about finished at 309 Gold Street and started leasing last month, according to the Brooklyn Daily Eagle.

In addition, there’s a new contender for the borough’s tallest building; permits have been filed for a 65-story, 679-foot-tall residential development at 420 Albee Square, NY YIMBY reported. SLCE is the architect of record, and JEMB Realty is the developer.

Below, some fast facts on the neighborhood’s shifting landscape:

Number of units under construction as of Sept. 26: 2,112
Number of units on the market for sale: 23

Most expensive unit on the market: $3.411 million for PH47B, a 1,787-square-foot three-bedroom at 388 Bridge. The duplex on the 47th and 48th floors has south and western exposures; a large terrace accessible from the living area enjoys views of the river, harbor and Statue of Liberty. The residence also features 11-foot ceilings, walls of windows, wide-plank oak floors, in-unit washer/dryer and a kitchen with grey walnut and white lacquer cabinetry, 30-inch Lieberr refrigerator and Wolf five-burner gas cooktop and built-in wall oven. The bathrooms come with white quartz walls, Lagos Azul limestone floors and a walk-in shower with thermostatic shower system.

388 Bridge PH47B

Cheapest unit on the market: $641,000 ($1,209 per square foot) for Unit 41D, a 530-square-foot studio at 388 Bridge. The alcove studio has wide-plank oak floors, plentiful windows and a kitchen with white quartz countertops, concealed pantry and Liebherr refrigerator, Viking gas cooktop and Bosch convection wall oven, microwave and dishwasher. A rolling island allows for flexibility when entertaining. The bathroom has white quartz countertops, white lacquer vanity and walk-in shower with thermostatic shower system.

388 Bridge Street 41D

388 Bridge Street — The Stahl Organization’s 53-story tower was the first major condo development in the area to arrive on the market since the financial crisis. The 144 condos are located on the top floors; the 234 rental apartments occupy floors 7 to 31, and 20 percent of those units are affordable. The penthouse collection, which consists of 40 residences on floors 45 through 53, was released this month; pricing will range from $1.742 million to $5.999 million (the $5.999 million penthouse has yet to hit the market). Amenities encompass 8,000 square feet of indoor and outdoor space, including the 1,245-square-foot sky lounge on the 46th floor. The roof terrace has views of New York Harbor, the Statue of Liberty, Manhattan, New Jersey and six bridges.

Avalon Willoughby West — The 57-story, 826-unit rental building will top out at 596 feet, just edging out 388 Bridge Street’s height of 590 feet. AvalonBay is the developer, and SLCE is designing the in-progress project, which is currently six stories tall, the Brooklyn Daily Eagle reported. If all goes according to plan, the first units will be ready for occupancy July or August 2015, with construction wrapping up in September 2016.

City Point — The mammoth, long-gestating 1.9-million-square-foot residential, retail and office development is the largest mixed-use center in Downtown Brooklyn. The third and final phase will be a mixed-use tower developed by Gary Barnett’s Extell, the Commercial Observer reported. The deal is currently in the contract stage, and if it goes through, this will mark Extell’s first building in Brooklyn. The apartments will sit atop a retail and office podium; the residential portion is due for completion by 2020, and the retail and office components will be done in 2016, a spokeswoman for Washington Square Partners told the Observer.

Developments featured in this article

More Like This

Facebook Chatter