Property Markets Group has topped off Society Brooklyn and Sackett Place, two adjacent residential towers in New York’s most populous borough. Situated at 267 Bond Street and 510 Sackett Street, respectively, the 21-story, mixed-use communities offer 517 apartments and 57,300 square feet of retail space. Society Brooklyn and Sackett Place have 34,000 and 23,300 square feet of commercial space available, respectively.
The towers’ construction takes place as New York undergoes the largest city-led rezoning endeavor in its history. Urban Atelier Group is the project’s construction manager. Completion is pegged for the first quarter of 2025.
“Gowanus Mix”
Twenty-five percent of Society Brooklyn and Sackett Place units will be designated as affordable housing through the Mandatory Inclusionary Housing program. Society Brooklyn will feature 344 units of affordable housing, ranging from studio to two-bedroom apartments, while Sackett Place will offer 173 affordable units ranging from one- to three-bedroom residences. Both parks will have direct access to a waterfront park and esplanade.
As part of Gowanus’ rezoning program, a percentage of the retail space in the development will be tabbed “Gowanus Mix.” This space will offer community-minded retail, experimental and maker studios and local food and beverage initiatives. Some 4,000 square feet of Art Gowanus-managed artist studio space will be included, a nod to the enclave’s artistic legacy. Last month, Slate, Avenue Realty Capital and SD Builders and Construction topped out a 162-unit multifamily development in Brooklyn’s East Williamsburg neighborhood.
Written by Jeffrey Steele
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