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By Accord Real Estate Group

Brooklyn Real Estate Development Update

February 27th 2020
Tags: Brooklyn Blog, Brooklyn Real Estate

Brooklyn, NY Real Estate market Development continues at a steady pace.

The first commercial office building to be built in North Williamsburg in more than 40 years, located at 25 Kent Avenue is complete! This 500,000 square foot, 8 story building spans an entire city block. The architect on this project is Hollwich Kushner at Gensler and the developers are Rubenstein Partners and Heritage Equity Partners. The partners hope to find just the right anchor tenant and have the building fully leased by mid 2021.

A 17 story, 175,000 square foot mixed use project located at 329 Broadway in Williamsburg is progressing with exterior work being done now. The developer is Parkview Management and the project was designed by Syndicate Architecture. The layout of the building will be 59,000 square feet of retail on the 1st and 2nd floors, approximately 24,500 square feet of community facility on the 3rd and 4th floors and residences begin on the 6th floor. There will be 18,000 square feet of outdoor space and parking for 109 vehicles.

The former site of Bushwick’s historic Rhinegold Brewery is now a completed 1.2M square foot mega project located at 54 Noll Street. The residential campus took 5 years of development and construction to get it done. The project was designed by ODA New York. All Year Management is the developer. There are 911 units with 20% reserved for affordable housing units. The amenities in this building are an unparalleled with 100,000 square feet which includes a 70,000 square foot rooftop outdoor space, a mini golf course, barbecues, a hydroponic urban farm, coffee shop, game rooms, a rock climbing wall, a large pool, boxing ring, a microbrewery, children’s play area and multiple lounges for residents and their guests.

Plans have been filed for a new 9 story mixed use building in the Gravesend neighborhood at the corner of McDonald Avenue and Quentin Road. The development is planned for 65,850 square feet with 44,435 square feet for residential space and 6,636 square feet for commercial space. There will be 40 condominium units with an average size of 1,110 square feet. There will be 15 enclosed parking spaces. Ruslan Goychayev of RSLN Architecture if the architect of record.

Leasing has begun for the 421 units at Two Blue Slip, a 40 story residential tower on the East River waterfront in Greenpoint. The project was designed by Handel Architects and developed by Park Tower Group and Brookfield Property Partners. Amenities designed by Gachot Studio for the residents will include The Pool Club with a private bar, a lounge, reservable cabanas with views of the Manhattan skyline, two story fitness center with a spin studio, TRX equipment, outdoor landscaped terrace with grilling stations and wet bars and a residential lounge with a fireplace. There will be 12 penthouse units with individual outdoor terraces.

If you are interested in selling your property or you know someone who is planning to sell their Brooklyn or New York property, whether a single family residential property,  an apartment building, a commercial property, mixed use, multi family, coop or condo, vacant land or a development opportunity, call us. You will be very happy that you did.

We always bring our clients the top market price for their property and provide exceptional personalized service from initial consultation to closing.

Thank you,

Accord Real Estate Group

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