The Real Deal New York

Extell releases new details on City Point tower

The 59-story, 534,000-square-foot resi and retail building will be one of Brooklyn's tallest
Gary Barnett and 138 Willoughby Street in City Point

Gary Barnett and 138 Willoughby Street in Downtown Brooklyn

UPDATED, April 20, 1:41 p.m.: Gary Barnett’s Extell Development revealed a raft of new details about its mixed-use tower at 138 Willoughby Street in the City Point megadevelopment, as well as a new rendering.

The 59-story Downtown Brooklyn building will house 450 condominium units in 466,000-square-feet of residential space, along with four stories – 68,000 square feet – of ground-floor retail, New York YIMBY reported.

Extell estimates the condos will sell out for $838 million, and the retail portion for $33 million. The developers projects a hefty $574 million price tag for the Kohn Pedersen Fox-designed project.

The building will have built-in automatic window cleaners like those planned for Extell’s One57 ultra-luxe condo project on West 57th Street.

Barnett’s firm bought the 21,500-square-foot City Point site earlier this year, paying $120 million to Washington Square Partners and Acadia Realty Trust.

The 1.8 million-square-foot City Point development already includes two residential buildings, at 19 and 48 stories, developed by BFC Partners and the Brodsky Organization, as well as a four-story mall built by Washington Square and Acadia. [NY YIMBY]Ariel Stulberg

Correction: A previous version of this article stated the taller of BFC and Brodsky’s two residential towers was 31 stories.