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589 Fulton Street Update 12/15/22

Excavation Ramps Up for The Brook

General contractor, Construction, is currently excavating the foundation and subsurface infrastructure for a 52-story, mixed-use skyscraper, going up at 589 Fulton Street in Downtown Brooklyn.

Developed by, Witkoff, alongside project partner, Apollo Global Management, the tower will be known as "The Brook". It is set to contain rental apartments, available in studio, one, and two-bedroom configurations. While most of these will be listed at market rate, approximately 30% of the units are to be designated as affordable housing.

Designed by , the soaring structure will stand feet tall and total square feet. In addition to residential units, it will have square feet of retail space, and an unspecified amount of office area.

The building will also boast up to 30,000 square feet of tenant amenities. The extensive list includes an outdoor pool with cabanas and a BBQ area, various recreation facilities, including a basketball court and a game area, a club room, library, bar, fitness studio, pet spa, dog run, and of course, multiple lounges, and landscaped terraces, scattered around the building.

As excavation continues, drilling has also begun for the numerous structural support columns that will anchor the tower to the soft earth beneath it.

Since major issues and mistakes with subsurface foundation components are rarely correctable once a skyscraper has been erected, this is one of the most important steps in a build to get right the first time. Precision drilling is obviously not a service to cheap out on, and as such, multiple drilling rigs have been brought to the site in order to strike a balance between quality work and timeliness.

As a matter of fact, it doesn't look like the developers will be cutting corners for any aspect of this project because back in August, they were able to secure a $388.4 million loan through Bank of America. This substantial amount of funding will be enough to cover all construction costs from start to finish. Work will continue for at least another 2-3 years, and is expected to finish by the Summer of 2025.

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