Empty Brooklyn Tower Gets New Life | Real Estate News

An abandoned 24-story Brooklyn office tower, left empty since 2023, is getting a second life—16 floors will become 239 luxury apartments, while the lower 7 stay office space under the new “385 Gold” brand. The original developer defaulted on the loan, so Capstone Equities stepped in to buy the debt and redevelop. They’re bringing back the original architect, Fogarty Finger, and using tax incentives to make it happen. With soaring Manhattan rents, businesses are flocking for alternative downtown spots—and residents will enjoy perks like a gym, lounges, wellness center, and even a golf simulator.

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