"I think the phenomenal success of downtown Brooklyn is that it's fully evolved into a mixed-use neighborhood, and people really realize how great a location it is and a great neighborhood to live in,"
"I think the other thing is you can't ignore the regulatory framework."
"Everyone knew that this is a great development site, and we're very excited that we were able to unlock the potential here,"
"a very busy summer and fall."
Downtown Brooklyn added 4,421 new residential units in 2025, a 51% increase over the prior record of 2,925 units set in 2022. Growth was enabled by a 2004 rezoning and developer tax incentives that supported large-scale mixed-use projects. Recent completions include Rocklyn (1,098 units), Everly (569 units), and The Brook (591 units), developed by Witkoff and Apollo, which began move-ins last July and attracted retail like Din Tai Fung. The Brooklyn Tower listed a $16.75 million penthouse. Developers cite transit access, parks, retail hubs, and regulatory support as key drivers.
Read at New York Post
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