Brooklyn has enjoyed an incredible renaissance over the last decade and has become home to some of the world’s most celebrated restaurants, designers, and artisans – and now welcomes an iconic tower to its skyline.
Leading the borough’s transformation is Downtown Brooklyn. In recent years, the area has evolved into a hub for innovation, economic growth and cultural development. Downtown Brooklyn marries historic, landmark buildings like Brooklyn Borough Hall, with bustling shops along Fulton Street, including the original Junior’s Cheesecake, and is the third-largest central business district in New York City with over 74,000 jobs, 2,000 businesses per square mile, 45,000 residents, and $3.9 billion in annual retail and dining sales. Tech, advertising, media, and information jobs in the neighborhood have grown by 115% over five years.
City Point has further transformed the downtown area. As Brooklyn’s largest entertainment, retail and shopping destination, City Point offers everything under one roof from Target to Trader Joe’s to Century 21 to Alamo Drafthouse, a dine-in movie theater. Not be forgotten is the delicious DeKalb Market Hall, an epicurean food hall with over 40 vendors, including Katz’s Deli, Ample Hills Creamery, and Pierogi Boys.
Downtown Brooklyn has long been a center for education with over 11 colleges and universities including the newly expanded NYU Tandon School of Engineering and Brooklyn Law School, as well as primary institutions such as Brooklyn Friends School and Brooklyn Tech High School.
Multiple new schools are now coming to the neighborhood. A new 300-seat public elementary school is under construction at 420 Albee Square and Chris Whittle – one of the co-founders of the Avenues School – is nearing a deal to take all of the 620,000 square feet above Macy’s at 181 Livingston Street.
Real estate developers have also realized the opportunities and upside of the area. Extell Development Company, known for developing luxury buildings throughout Manhattan, recently topped out its’ first Brooklyn development, Brooklyn Point.
Rising to 720 feet, the 68-story building is the first and only for-sale building at City Point and has cemented the title as the tallest building in Brooklyn. With first closings slated for early 2020, the tower offers a new level of luxury living in the borough and an unmatched 25-year tax abatement.
Adding to the building’s allure is an unprecedented array of lifestyle amenities and services spanning over 40,000 square feet. The building’s roof will feature the highest residential infinity pool in the Western Hemisphere, offering breathtaking views of the Manhattan skyline. The property will also feature a comprehensive health and wellness facility, as well as an array of social and entertainment amenities. In addition to convenient access to 11 subway lines, the building is surrounded by some of the borough’s best green spaces, including Fort Greene Park, Prospect Park and the newly-designed Willoughby Square Park which will be located across the street from Brooklyn Point.
Pricing for the studio to three-bedroom residences start at $850,000. For more information about Brooklyn Point, please call 718.222.5770 or visit BrooklynPointnyc.com.