Jemb Realty has reached an important milestone with their office building located at 1 Willoughby Square. The building is now 60% leased. Brooklyn's tallest office building is the 1st to be built since the 2004 rezoning of Downtown Brooklyn, NY. Considering the struggles Manhattan office buildings are having, losing tenants and unable to lease vacant spaces, 1 Willoughby Square is doing well. Companies leasing in the building are in architecture, healthcare and consulting industries. Some of the tenants are for example, FXCollaborative (the architecture firm that designed the building), Gemic, Big Spaceship and nonprofit for women called Ms. Foundation For Women. Not surprisingly, many of the tenants at 1 Willoughby Square were in Manhattan and chose to move over to Downtown Brooklyn, New York.
According to Regina Myer, President of Downtown Brooklyn Partnership “We need more interesting places for people to work, so smaller businesses, Tech firms and design firms can really be attracted to working in Downtown Brooklyn”.
Jemb was originally planning for a residential tower but decided in response to the low commercial vacancy rates in Brooklyn pre covid to move in a different more innovative direction.
Metropolis magazine calls 1 Willoughby Square “The most striking High Rise to arrive in the borough in almost a century”. Open since 2021, 1 Willoughby Square holds the prestigious title of the tallest office building constructed in the borough since the 1929 Williamsburg Savings bank Building, which has been converted to residential use.
We wish 1 Willoughby Square continued success.
If you are interested in selling your property or you know someone who is planning to sell their New York or Brooklyn 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.
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