A unique 57-story condo tower will pop-up in the Downtown Brooklyn skyline at 11 Hoyt Street. It is developed by Tishman Speyer, one of New York’s largest and oldest commercial landlords. They are known as being a world leader in the management and operation of first-class real estate. They have managed projects across the United States, Europe, Latin America, and Asia, with a portfolio of over $88 billion dollars.
This residential building will be located on the corner of Hoyt and Livingston Streets, and will take up a full block. This Downtown Brooklyn neighborhood is desirable with its Lower Manhattan skyline and Brooklyn waterfront views. This luxury residential building features apartments starting at $600,000 for studios, and upwards of $3 million for four-bedroom units. It will feature more than 55,000 square feet of indoor and outdoor amenities. The long list of luxurious amenities will include a landscaped private park, retail space, communal gardens, a saltwater pool, children’s playgrounds, and a squash court.[1] These one-of-a-kind amenities will certainly make the building highly desirable.
This condo will include an unusually shaped façade exterior. The wave shaped exterior will “create a unique play of shadows that highlight this architectural quality of 11 Hoyt Street that separates itself from a typical glass façade.”[2] The bay windows provide the apartments with an “out of the box” feature, as they overlook the Lower Manhattan skyline and the Brooklyn waterfront, and could be perfectly used as reading nooks. “The undulating facade also pulls the interior borders outward, providing a little extra space for residents in many units.”[3] This architectural feature will allow this incredibly large building to separate itself from the ever-growing Brooklyn real estate market. Erik Rose, the managing director of Tishman Speyer explains that:
“From the world-class design and extraordinary, unique amenity offering to the vast, elevated private park, 11 Hoyt raises the bar in the Downtown Brooklyn residential marketplace. We are incredibly proud to be launching sales for this unmatched residential product and we know it presents a tremendous opportunity for discerning buyers”.[4]
Construction is already underway, and is expected to finish by the summer of 2020.
[1] Laterman, K. (Sept. 21, 2018) “Another Condo Tower Sprouts in Downtown Brooklyn.” The New York Times Available at: https://www.nytimes.com/2018/09/21/realestate/another-condo-tower-sprouts-in-downtown-brooklyn.html?rref=collection%2Fsectioncollection%2Frealestate&action=click&contentCollection=realestate®ion=rank&module=package&version=highlights&contentPlacement=2&pgtype=sectionfront. Accessed on September 24, 2018.
[2] Young, M. (Sept. 24, 2018) “Tishman Speyer’s 11 Hoyt Launches Sales in Downtown Brooklyn.” YIMBY New York Available at: https://newyorkyimby.com/2018/09/tishman-speyers-11-hoyt-launches-sales-in-downtown-brooklyn.html. Accessed on September 24, 2018.
[3] Op. Cit. n1.
[4] Op. Cit. n2.