RXR Realty Commences Leasing at Brooklyn Community
- Sep 21, 2021
Realty and Douglas Elliman Real Estate have launched leasing at The Willoughby, a 34-story mixed-use development at 196 Willoughby St. The project is anchored on Long Island University’s downtown Brooklyn campus and is scheduled to open in fall 2021.
RXR began construction on the downtown Brooklyn, N.Y., development in September 2019, with plans for the 602,000-square-foot project to comprise residential, office and academic components. Thirty percent of the project’s 476 units will be designated as rent-stabilized apartments for middle-income renters. Unit floorplans include studios and one- and two-bedrooms.
The project’s designer, Perkins Eastman Architects, designed all apartments with floor-to-ceiling windows to maximize natural light in all units and in many of the building’s amenity spaces, including the lobby.
Apartments are outfitted with Quartz countertops in bathrooms and kitchens, built-in stainless steel appliances, and washers and dryers. Community amenities include a library lounge; an outdoor courtyard; a rooftop terrace; a lounge with double-sided fireplace and wet bar; a private entertaining room; a gourmet coffee bar; a tech lounge with conference room and work-from-home stations; a dog run and pet spa; and underground parking.
The Willoughby is within walking distance of the Atlantic Terminal, a transit hub that provides access to several New York City MTA subway lines and Long Island Rail Road commuter trains, which connect riders to New York City’s other boroughs. Residents are a short block away from Fort Greene Park and a few blocks from shopping, dining and entertainment options in the nearby downtown Brooklyn and Brooklyn Heights neighborhoods.
In February, RXR topped out One Clinton Park, a 28-story mixed-use development in New Rochelle, N.Y. The 43,000-square-foot project is slated to include 352 units and 13,000 square feet of retail, with completion expected in early 2022.
In September, the development company refinanced 475 Clermont, a Brooklyn multifamily project located 1 mile from The Willoughby, in the Fort Greene area. The 363-unit community received a $143.1 million permanent loan from an affiliate of MetLife Investment Management.