Anyone who’s been to Brooklyn knows that the borough has a feeling unique to that of its other four counterparts. To add a little modernism to the area, Tishman Speyer has teamed up with HNA Group to work on a new project in downtown Brooklyn called, “The Wheeler.”
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| PC: Tishman Speyer |
The Design
The project will add 10 floors of office space above the four floors of Macy’s retail space, as well as create a new building core to replace the odd one. The new core will tie together the three buildings that make up the space and feature open floor plans with a lot of glass to allow natural lighting. The building will also offer an acre of useable outdoor space, including 11 terraces and a roof with grass and seating for all tenants to use. The first four floors of office space will offer 90,000 square-foot floor plates and 16-foot ceilings, while the remaining six foot with offer 34-60,000 square-foot plates.
The Cost
The developer won’t disclose the exact cost of the project, but it is know that they took out a $194 million construction loan and paid Macy’s $170 million for the top six floors. They will also give Macy’s another $100 million to renovate the retail space.
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