Downtown Brooklyn

Celebrate 120 years of the NYC subway with a new exhibit and vintage train rides

60th Street Tunnel connection opening, 1955. New York Transit Museum NYCTA Photograph Unit Collection, 2005.48.270

September 16, 2024

Celebrate 120 years of the NYC subway with a new exhibit and vintage train rides

By Aaron Ginsburg

The New York Transit Museum is celebrating the 120th anniversary of the city's subway system with a new exhibit and vintage train rides. Debuting September 26, "The Subway Is..." explores how New York City's subway system has shaped its cultural identity and will showcase images and artifacts from the museum's collections. To coincide with the new exhibit, the museum is hosting four Inaugural Run Nostalgia Rides on vintage Lo-V subway cars from 1917, retracing the original route of NYC's first subway line.
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Silverstein takes control over Brooklyn Tower in $672M deal

Photo by Evan Joseph

July 2, 2024

Silverstein takes control over Brooklyn Tower in $672M deal

By Aaron Ginsburg

The real estate drama surrounding the Brooklyn Tower may be over. As first reported by Pincus Co, Silverstein Properties has taken over the tower's rental, retail, and unsold condo units from JDS Development in a $672 million deal. Silverstein had provided a $240 million loan for the tower, which JDS defaulted on in 2019, leading to a foreclosure auction scheduled for June 1. The auction was delayed and eventually avoided after Michael Stern of JDS transferred a preferred equity piece in the tower to Silverstein in order to restructure his debt, according to The Real Deal.
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Real Estate Trends

95 apartments available at luxury Downtown Brooklyn rental, from $3,317/month

All images courtesy of Fogarty Finger

June 26, 2024

95 apartments available at luxury Downtown Brooklyn rental, from $3,317/month

By Aaron Ginsburg

Applications are now being accepted for 95 middle-income units at a new luxury development in the heart of Downtown Brooklyn. Located at 15 Hanover Place, Hanover House is a 34-story mixed-use building with 314 apartments, ground-floor retail, and amenities like a landscaped rooftop, party room, and a gym. New Yorkers earning 130 percent of the area median income, or between $113,726 for a single person and $218,010 for a household of five, can apply for the apartments, priced at $3,317/month for a one-bedroom and $3,963/month for a two-bedroom.
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The Brooklyn Edison Building is designated a landmark

Photo credit: NYC Landmarks Preservation Commission

June 20, 2024

The Brooklyn Edison Building is designated a landmark

By Aaron Ginsburg

The Landmarks Preservation Commission on Tuesday voted to designate the Brooklyn Edison Building in Downtown Brooklyn. Located at 345 Adams Street, the office building was designed by renowned architectural firm McKenzie, Voorhees & Gemlin and constructed between 1922 and 1926 for the Brooklyn Edison Company. The structure stands out for its important role in the borough's development and its striking Renaissance Revival architectural features, according to the commission.
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Downtown Brooklyn’s Abolitionist Place park is now open

All photos courtesy of Downtown Brooklyn Partnership

May 8, 2024

Downtown Brooklyn’s Abolitionist Place park is now open

By Aaron Ginsburg

First promised 20 years ago, a Downtown Brooklyn park commemorating the borough's abolitionist history is finally open. City officials on Wednesday cut the ribbon on the 1.15-acre Abolitionist Place, located at 225 Duffield Street. Designed by landscape architecture firm Hargreaves Jones, the park offers a playground, a water play feature, a central lawn, a paved area with boulders, seating, and a dog run. The green space was part of the 2004 upzoning of Downtown Brooklyn and planning officially began in 2010. Financial issues and design changes delayed the project several times.
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Architecture And Design

See inside the Brooklyn Paramount as historic theater reopens after 60 years

Image courtesy of Evan Joseph

April 1, 2024

See inside the Brooklyn Paramount as historic theater reopens after 60 years

By Aaron Ginsburg

Fort Greene's historic Brooklyn Paramount Theater, which once hosted legendary artists such as Ella Fitzgerald, Frank Sinatra, and Duke Ellington, reopened last week for its first season in 60 years. A multi-million dollar restoration modernized the venue while preserving its opulent latticework ceiling, hand-crafted statues, and other Baroque features. For its first show in six decades, the Paramount hosted brothers Damian and Stephen Marley, who performed at the theater during their co-headlining Traffic Jam Tour.
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Brooklyn Tower faces foreclosure

Photo courtesy of Evan Joseph

April 1, 2024

Brooklyn Tower faces foreclosure

By Aaron Ginsburg

Despite setting a record for Brooklyn's most expensive studio last week, the Brooklyn Tower is facing foreclosure. JDS Development has defaulted on a $240 million mezzanine loan issued by Silverstein Capital Partners in 2019 for the 93-story development, as reported by The Real Deal. Silverstein has scheduled a foreclosure auction for June 10.
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Real Estate Trends

$905K Brooklyn Tower studio sets new sales record for the borough

Photo by Max Touhey

March 27, 2024

$905K Brooklyn Tower studio sets new sales record for the borough

By Devin Gannon

The tallest tower in Brooklyn just broke another record. A studio apartment in the Brooklyn Tower has sold for $905,000, marking the most expensive studio sale on a price-per-square-foot basis in the borough. Situated over 720 feet above ground, the 440-square-foot apartment boasts soaring, unobstructed views of the city and way beyond. According to city records, the property fetched a little over $2,000 per square foot.
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Real Estate Trends

Brooklyn’s historic Paramount Theatre to reopen in March

All renderings courtesy of Brooklyn Paramount

February 23, 2024

Brooklyn’s historic Paramount Theatre to reopen in March

By Aaron Ginsburg

Fort Greene’s 100-year-old Brooklyn Paramount Theatre will reopen once again as a music venue next month following a major restoration. The historic theater's grand opening season officially kicks off on March 27, with tickets now on sale for more than 45 shows featuring performers like Busta Rhymes, PinkPantheress, Norah Jones, and Mariah The Scientist, as Live Nation announced. The renovation preserved the opulent Baroque features throughout the space, including the latticework ceiling and original hand-crafted plaster statues. Modern upgrades include a new stage, a state-of-the-art backstage facility, seven bars, and an exclusive VIP lounge.
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Leasing begins at Brooklyn’s all-electric skyscraper 505 State Street, from $3,475/month

Photo: Matthew Williams

January 23, 2024

Leasing begins at Brooklyn’s all-electric skyscraper 505 State Street, from $3,475/month

By Aaron Ginsburg

Leasing officially launched on Monday at New York City's first all-electric skyscraper. Developed by Alloy Development, 505 State Street (formerly called 100 Flatbush) is a 44-story tower with 441 apartments in Downtown Brooklyn. The building, which replaces all functions that would normally run on gas with electricity, is part of Alloy Block, a mixed-use development of five old and new buildings that will bring residential, office, retail, and the city's first two Passive House-certified public schools to the neighborhood. Available rentals at the building start at $3,475/month for a studio and go up to $11,200/month for a three-bedroom.
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New Developments

Promising ‘more house than high rise,’ Downtown Brooklyn condo Nine Chapel launches sales

Courtesy of Jonathan Hokklo

January 22, 2024

Promising ‘more house than high rise,’ Downtown Brooklyn condo Nine Chapel launches sales

By Aaron Ginsburg

Sales officially launched at Downtown Brooklyn's Nine Chapel Street, a new boutique condo tower taking an innovative approach to outdoor space. Developed by Tankhouse and designed by SO-IL, the 14-story building contains 27 luxury residences and creative outdoor space, including open-air terraces that act like front porches and weather-protected loggias. Pricing for the one- to four-bedroom residences starts at $1,040,000.
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After 20 years, Pacific Park faces foreclosure and an uncertain future

Photo credit: Amaury Laporte via Flickr.

December 19, 2023

After 20 years, Pacific Park faces foreclosure and an uncertain future

By Michelle Cohen

As the massive Brooklyn megadevelopment once known as Atlantic Yards reaches its 20th anniversary, news of the project's progress has been scarce. But recent changes affecting the development anchored by Barclays Center may put the 22-acre site–now known as Pacific Park–back in the spotlight. As The Real Deal reported in a wrap-up of its progress over the past two decades, current developer Greenland USA has defaulted on nearly $350 million in loans attached to the project's second phase. With foreclosure imminent, an auction, scheduled for next month, may mean a new developer will be responsible for fulfilling crucial affordable housing agreements and inherit penalties for unbuilt units.
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New Downtown Brooklyn rental opens lottery for 22 middle-income apartments, from $2,924/month

All renderings courtesy of the NYC Department of Housing Preservation and Development

November 27, 2023

New Downtown Brooklyn rental opens lottery for 22 middle-income apartments, from $2,924/month

By Aaron Ginsburg

A housing lottery opened this week for 22 middle-income units at a new residential development in Downtown Brooklyn. Located at 131 Concord Street, Amnia offers tenants brand-new residences, luxurious amenities, and a prime spot in the heart of one of Brooklyn's most popular neighborhoods. New Yorkers earning 130 percent of the area median income, or between $100,252 for a single person and $198,250 for a household of five, are eligible to apply for the apartments, priced at $2,924/month for studios, $3,126/month for one-bedrooms, and $3,733/month for two bedrooms.
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Affordable Housing

All-electric 30-story tower with 324 apartments and academic space breaks ground in Downtown Brooklyn

Rendering courtesy of RXR

November 2, 2023

All-electric 30-story tower with 324 apartments and academic space breaks ground in Downtown Brooklyn

By Aaron Ginsburg

Construction has begun on an all-electric residential building in Downtown Brooklyn that includes 324 apartments and academic space for Long Island University. RXR on Monday broke ground on the 30-story tower at 89 Dekalb Avenue, which is set to be one of the developer's most sustainable projects as the building is fully electric, features a smart glass facade system, and has electric vehicle charging stations.
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Live in NYC’s first all-electric skyscraper in Downtown Brooklyn, from $763/month

Photos courtesy of Pavel Bendov Photos

October 10, 2023

Live in NYC’s first all-electric skyscraper in Downtown Brooklyn, from $763/month

By Aaron Ginsburg

New York City's first all-electric skyscraper launched a housing lottery on Tuesday for 45 mixed-income apartments. The 44-story residential tower in Downtown Brooklyn, previously 100 Flatbush Avenue and now called 505 State Street, will run totally off electricity instead of natural gas and apartments will have sustainable features. New Yorkers earning 40, 60, and 100 percent of the area median income can apply for the apartments, which include studios ranging from $763 to $2,017/month, one-bedrooms from $812 to $2,155/month, two-bedrooms from $965 to $1,502/month, and three-bedrooms from $1,105 to 1,725/month.
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Affordable Housing

New Downtown Brooklyn condo tower 9 Chapel has terraces that act like front porches

Renderings courtesy of DARCSTUDIO

August 29, 2023

New Downtown Brooklyn condo tower 9 Chapel has terraces that act like front porches

By Aaron Ginsburg

New renderings were released this week of 9 Chapel Street, a unique luxury condo tower under construction in Downtown Brooklyn. Developed by design-driven firm Tankhouse and designed by SO-IL, the 14-story building makes outdoor space a central feature, with open-air terraces that act as front porches, a mix of covered and uncovered private outdoor space, and weather-protected loggias. The goal of the design is to create a feeling that is "more house than high rise," as a press release describes.
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NYC’s latest pickleball club coming to Downtown Brooklyn’s City Point

Renderings courtesy of Court 16.

August 4, 2023

NYC’s latest pickleball club coming to Downtown Brooklyn’s City Point

By Aaron Ginsburg

Downtown Brooklyn will be home to New York City's newest pickleball club. Located on the fourth floor of the mixed-use complex City Point, the 26,000-square-foot Court 16 will offer seven tennis and pickleball courts for kids and adults, with each court ranging in size from 36 feet for young players to full-sized courts for experienced players. The club’s August 28 grand opening coincides with the start of the 2023 U.S. Open Tennis Tournament finals.
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Events & Things To Do

NYC announces major public space and transit improvements for Downtown Brooklyn

Image courtesy of Michael Appleton/Mayoral Photography Office on Flickr

July 20, 2023

NYC announces major public space and transit improvements for Downtown Brooklyn

By Aaron Ginsburg

New York City is investing over $40 million in street safety improvements and new public spaces in Downtown Brooklyn. On Thursday Mayor Eric Adams said the investment will be put towards transformative improvements along Fulton Street and Flatbush Avenue, with plans for improved pedestrian space, bus service, new public art, and safety upgrades to the streetscape.
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89 mixed-income units available at 43-story Downtown Brooklyn rental, from $1,407/month

Photo courtesy of Evan Joseph

May 22, 2023

89 mixed-income units available at 43-story Downtown Brooklyn rental, from $1,407/month

By Aaron Ginsburg

A housing lottery opened this week for 89 mixed-income units at a new residential development in Brooklyn. Located at 540 Fulton Street, The Paxton offers residents luxury rental units and modern amenities in the heart of Downtown Brooklyn. New Yorkers earning 80 and 130 percent of the area median income, or between $50,812 annually for a single person and $215,150 for a household of seven, can apply for the units, priced from $1,407/month studios to $3,600/month three bedrooms.
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Affordable Housing

Leasing kicks off at the Brooklyn Tower, luxury rentals priced from $3,965/month

Photo courtesy of Evan Joseph

April 10, 2023

Leasing kicks off at the Brooklyn Tower, luxury rentals priced from $3,965/month

By Aaron Ginsburg

Leasing has launched for market-rate rental units in Brooklyn's tallest tower. Located in Downtown Brooklyn, the 93-story Brooklyn Tower offers residences designed by award-winning Gachot Studios and over 120,000 square feet of luxury amenities, including three outdoor pools surrounding the dome of the historic Dime Savings Bank of Brooklyn. Rentals start at $3,965/month for studios, $5,075/month for one-bedrooms, and $7,100/month for two-bedrooms.
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Brooklyn’s tallest tower launches lottery for 120 middle-income apartments, from $2,630/month

Image courtesy of Evan Joseph

March 29, 2023

Brooklyn’s tallest tower launches lottery for 120 middle-income apartments, from $2,630/month

By Aaron Ginsburg

Here's a chance to live in Brooklyn's tallest tower for (slightly) less. The 93-story Brooklyn Tower launched a housing lottery this week for 120 middle-income apartments. New Yorkers earning 130 percent of the area median income, or between $90,172 annually for a single person and $215,150 for a household of seven, can apply for the units, priced between $2,630/month for studios and $3,872/month for three bedrooms.
Find out if you qualify

Affordable Housing

New public artwork turns a Downtown Brooklyn plaza into a playful, colorful oasis

All photos courtesy of Cameron Blaylock for Downtown Brooklyn Partnership

March 3, 2023

New public artwork turns a Downtown Brooklyn plaza into a playful, colorful oasis

By Aaron Ginsburg

A new interactive public art installation in Downtown Brooklyn transforms a plaza into a colorful oasis with shimmering lights. The Downtown Brooklyn Partnership and Van Alen Institute on Wednesday unveiled "COMMON GROUND," a site-specific sculpture created by artist Cheryl Wing-Zi Wong with lighting design by Arup featuring colorful seating, sound-responsive lighting, and floor motifs that provide a vibrant space for people to gather. The installation will be on view from March 1 to May 1 at The Plaza at 300 Ashland.
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Events & Things To Do

The Brooklyn Tower’s striking neo-Deco crown is complete

Photo by Evan Joseph

February 10, 2023

The Brooklyn Tower’s striking neo-Deco crown is complete

By Devin Gannon

The top of the tallest tower in Brooklyn is now complete, cementing its status as New York City's newest landmark. The Brooklyn Tower rises 93 stories from a marble base with a facade of repeating vertical columns and alternating panels of colored metals that fade from bronze to black as it moves upward to the neo-Deco crown. The spired pinnacle reaches 1,066 feet, making the Brooklyn Tower the tallest building in the borough.
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Architecture And Design

A pop-up roller disco is opening at Brooklyn’s Atlantic Terminal Mall

Rendering courtesy of The Roller Wave

February 3, 2023

A pop-up roller disco is opening at Brooklyn’s Atlantic Terminal Mall

By Devin Gannon

An indoor roller rink is coming to the heart of Brooklyn. Set to open on February 11 at the Atlantic Terminal Mall, The Roller Wave will offer a 24,000-square-foot venue with skating, live performances, DJs, food and beverage options, and an arcade. Founded by NYC native Harry Martin, the Roller Wave is a traveling pop-up roller skating experience. The rink, which will be open through June 4, will be the Roller Wave's first true location.
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Events & Things To Do

NYC’s first all-electric skyscraper tops out in Downtown Brooklyn

Image courtesy of Selvon Ramsawak

January 18, 2023

NYC’s first all-electric skyscraper tops out in Downtown Brooklyn

By Aaron Ginsburg

New York City's first fully electric skyscraper topped out in Downtown Brooklyn this week. The 44-story building 100 Flatbush is part of the first phase of Alloy Block, a mixed-use five-building development designed by Alloy Development to have 850 apartments, 200,000 square feet of office space, and two public schools. 100 Flatbush will contain 441 mixed-income residences, 396 of which will be market-rate rentals and 45 separate affordable residences, and 30,000 square feet of retail space.
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Two-way bike lane opens on Downtown Brooklyn’s chaotic Schermerhorn Street

Photo © NYC DOT

October 13, 2022

Two-way bike lane opens on Downtown Brooklyn’s chaotic Schermerhorn Street

By Aaron Ginsburg

One of Brooklyn's busiest and most dangerous streets became safer this week. The city's Department of Transportation on Wednesday unveiled the Schermerhorn Street redesign, which includes a two-way protected bike lane, one-way vehicle traffic, and new pedestrian space. The street is an essential east-west route that connects cyclists to and from the Brooklyn and Manhattan Bridges.
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Brooklyn art installation turns old emergency call boxes into memorials for victims of police brutality

All photos courtesy of Bradley McCallum

October 4, 2022

Brooklyn art installation turns old emergency call boxes into memorials for victims of police brutality

By Aaron Ginsburg

A new public art installation in Downtown Brooklyn aims to bring attention to the fight against racism, violence, and the abuse of power within the criminal justice system. Created by artist Bradley McCallum, Witnessing transforms emergency call boxes once found on city sidewalks into memorials for victims and survivors of police brutality. McCallum's work will be on display in The Plaza at 300 Ashland through January 2023.
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Events & Things To Do

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Spring + Thompson

83 Thompson Street

Soho

Loft-like residences in Soho designed by Selldorf Architects

2 beds starting at $4,975,000
4 beds starting at $14,850,000