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
April 15, 2016 10:30AM

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.