Newmark revealed today the planned renovations at 57 Willoughby Street in Brooklyn, NY. Newmark Managing Director Whitten Morris and Associate Director Joseph Sipala are the leasing agents for the landlord, Meadow Partners.
The building, previously owned by Helen Keller Services for the Blind, is undergoing an extensive renovation by new ownership that will be completed by September 2018. Renovations for 57 Willoughby will include an all-new lobby designed by TPG Architecture. The building will have new state-of-the-art elevators, updated mechanicals, and redesigned storefronts. Blocks from Brooklyn Heights, Cobble Hill, and Dumbo, 57 Willoughby is ideally located between many of Brooklyn’s most attractive neighborhoods. The building offers many of the attributes that today’s progressive tenants seek such as a desirable location, easy accessibility, and proximity to multiple subway lines. 57 Willoughby is one subway stop from Manhattan. The property contains six stories totaling 96,000 RSF of office space including a large block of space on the top floors of the building.
“57 Willoughby has been off the radar and geared historically to other nonprofits, so we feel this is a coming out party for the property and an excellent opportunity for the market to see the efficient floor plates, the large number of windows per floor, and the short walk to all mass transit,” said Mr. Morris.
The marketing floor is completed and renovations to the lobby and elevators will be completed by September 2018.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”), is one of the world’s leading commercial real estate advisory firms. Newmark has over 4,900 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
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