RXR Realty's Take on Brooklyn: 3 Community-Centric Hubs

Sponsored By RXR Realty

RXR Realty, one of the largest owners, managers, and developers in the Tri-state, manages 69 properties and investments -- a total of more than 24.6 million square feet and $18.1 billion in aggregate gross value.

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As Brooklyn’s commercial and retail bandwidth expands in 2019, RXR’s Brooklyn portfolio continues to grow.

With three community-centric hubs, the owner and developer is adding to its culture of collaboration, creativity, and work-life integration, which originated in its iconic Starrett-Lehigh building in West Chelsea.

The largest of the three, where Dumbo, Williamsburg, and the Brooklyn Navy Yard converge, is The Hall. Occupying over 665,000 square feet in 10 buildings across one full city block in Wallabout, The Hall is a 21st century reimagining of the Alfred Kahn-designed Mergenthaler Linotype Company complex.

“It was one of Brooklyn’s largest employers of the 20th century,” said David Gise, executive director of The Hall, RXR Realty, “and with a history deeply rooted in innovation.”

The Hall looks to continue that tradition by providing its occupants with ride sharing and other lifestyle conveniences. A courtyard will include food and beverages, social spaces and a beer garden. There will also be a calendar of indoor/outdoor programs and events. Ceiling heights in the buildings will be 12 to 17 feet.

470 Vanderbilt Avenue is a Class-A office building on a 3-acre, full city block bounded by Atlantic Avenue and Fulton. Just minutes away from Barclays Center and the Pacific Park development, 470 Vanderbilt has recently undergone a $74 million dollar capital improvement program including new mechanical, electrical, plumbing and life safety systems, state-of-the-art elevators and modernized lobbies.

Its 10 floors encompass 650,000 total square feet. There is 24/7 access, and NYC relocation incentives and programs are available to tenants. It’s also adjacent to Pacific Park, a 22-acre site of housing, green space, retail and offices.

Contiguous to 470 Vanderbilt is 475 Clermont in Fort Greene. Targeting February 2019 for completion, the property will offer a combination of residential apartments and retail. “Renters will experience the charm and quintessential Brooklyn lifestyle of Clinton Hill with access to all of the conveniences of Downtown Brooklyn,” said Matthew Villetto, senior vice president, Douglas Elliman.

475 Clermont will occupy 400,000 square feet within 12 stories, consisting of 363 rental units, and more than 33,000 square feet of retail space. These retail opportunities will open onto three street frontages and have 16-foot ceilings. The complex will also offer 33,076 square feet of below-grade parking with 135 spaces to its residents.

With the adjacent locations of 475 Clermont and 470 Vanderbilt, RXR looks to create a community hub, where commercial and residential intersect. Displayed on the wall of 470 Vanderbilt, in the residential courtyard of 475 Clermont, will be a mural by artist Mona Caron, highlighting the area’s local beauty by using indigenous vegetation in her design.

For The Hall, RXR expects to draw tenants from throughout Brooklyn as well as Manhattan, those who are “looking for achievably priced space in a community-centric setting.”

RXR says commercial and retail rents will be competitive with Dumbo and Downtown Brooklyn.

For more information go to the RXR website.