11 Hoyt Explained

11 Hoyt
Building Type:Residential
Status:Complete
Address:11 Hoyt Street
Location City:Brooklyn, New York
Location Country:United States
Coordinates:40.6897°N -73.985°W
Start Date:2015
Completion Date:2021
Cost:$685 million
Height:618feet[1]
Architect:Studio Gang
Developer:Tishman Speyer

11 Hoyt is a residential skyscraper in the Downtown Brooklyn neighborhood of Brooklyn in New York City. It was designed by architect Studio Gang with executive architect Hill West and developed by real estate conglomerate Tishman Speyer.

History

In August 2015, Tishman Speyer purchased the site, which was next to the A. I. Namm & Son Department Store.[2] Three lenders—JPMorgan Chase, Starwood Property Trust, and iStar—provided $380 million[3] in financing for the deal. The building's facade was constructed in Canada.[4] The building topped out in June 2019, and was completed in 2021.[5] The building is Tishman Speyer's first residential building in New York City.[6]

Sales for condominiums in the building launched in September 2018.[7]

The building is part of the larger Tishman-led project to redevelop the former Macy's branch in Brooklyn.

Design

The building's exterior somewhat resembles that of 8 Spruce Street, designed by architect Frank Gehry.[8] Jeanne Gang has said the building's facade was inspired by townhouses in Brooklyn, many of which include bay windows. The interiors were designed by Michaelis Boyd, and the units have two possible color palettes.[9]

Usage

The building is residential, with 480 condominium residences. It also includes of retail space. The day care Petits Poussins signed a lease for space in the building in June 2021.[10]

See also

Notes and References

  1. Web site: 11 Hoyt Street – The Skyscraper Center . Council on Tall Buildings and Urban Habitat . November 11, 2021 .
  2. News: Wilson . Reid . Tishman Acquires 11 Hoyt Street Site, Part of Macy's 422 Fulton Street Building, Downtown Brooklyn . September 13, 2021 . New York YIMBY . August 12, 2015.
  3. News: Brenzel . Kathryn . Balbi . Danielle . Maurer . Mark . Tishman Speyer snags $380M financing package for 11 Hoyt, secures construction manager . The Real Deal . September 13, 2021 . April 18, 2018.
  4. News: Ricciulli . Valeria . In Downtown Brooklyn, Studio Gang's first NYC condo tops out . September 13, 2021 . Curbed NY . June 4, 2019 . en.
  5. Web site: 11 Hoyt Street – The Skyscraper Center. August 6, 2021. www.skyscrapercenter.com.
  6. News: Laterman . Kaya . Another Condo Tower Sprouts in Downtown Brooklyn . September 13, 2021 . The New York Times . September 21, 2018.
  7. Web site: Tishman Speyer's 11 Hoyt Launches Sales In Downtown Brooklyn. Young. Michael. September 24, 2018. YIMBY. October 2, 2018.
  8. Web site: Gehry-Inspired Skyscraper At 11 Hoyt Street Revealed, Downtown Brooklyn. Nelson. Andrew. April 10, 2018. YIMBY. October 2, 2018.
  9. News: Cogley . Bridget . Michaelis Boyd reveals interiors for Studio Gang-designed Brooklyn tower . September 13, 2021 . Dezeen . September 26, 2019 . en.
  10. News: Baird-Remba . Rebecca . French Day Care to Open Downtown Brooklyn, Upper East Side Locations . September 13, 2021 . Commercial Observer . June 29, 2021.