589 Fulton Street Update 06/10/24

The Brook Tops Out in Downtown Brooklyn

Utilizing the manpower and expertise of concrete subcontractor, SBF Construction Inc, general contractor, Construction, has topped out the superstructure of 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 stands feet tall and totals 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.

Back in August of 2022, the team was 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 is ultimately expected to wrap up by the summer of 2025. The project comes amid a sea of large-scale, new developments, which are rapidly growing the skyline of Downtown Brooklyn.

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