Triangle Equities and The Michaels Organization have
announced plans to build a new 411 ft. mixed-used building at 111 Willoughby
Street in Brooklyn.
The multi-use 39-story, 190,000- s/f development will be comprised of 227 apartment units, a community facility and office space
Floors two through five will operate as the Newman Center, a
division of the Roman Catholic Church of St. Boniface, serving the150-year-old
parish. Floors six through 39 will be developed into contemporary rental
housing.
“We’re thrilled to bring this development to Downtown
Brooklyn,” said Brett Goldman, Director of Acquisitions at TriangleEquities.
“Our building will stand out as an extraordinary value, high-style rental
property. The Michaels Organization presentedthe ideal partner for this project
with its experience, passion and deep knowledge of complexities and
responsibilities related todelivering housing across the country.”
Construction on 111 Willoughby Street is slated for
completion in 2023.
“Finding the ideal solution for this high-profile Brooklyn
location was a result of having the right partners,” said Roger Black, Vice President
of The Michaels Organization. “Triangle Equities extensive experience in the
New York market and St. Boniface’s historical presence and service to the
residents of the community, set the keystone for a successful development
approach that is consistent with our mission to lift lives.”
Building amenities will include a rooftop lounge and
terrace, a tenant-only gym, storage for 100+ bikes and a quiet studio.
Located in the historic neighborhood of Downtown Brooklyn,
the area has a plethora of restaurants, boutiques and theaters. It is at the
crossroads of Boerum Hill, Fort Greene and Brooklyn Heights with close
proximity to multiple subway lines, including the A, C, F and LIRR, and steps
away from Fort Greene Park, Barclay’s Center, the Brooklyn Academy of Music and
Brooklyn Flea.
