Rendering of The Paxton at 540 Fulton Street
In recent years, the formerly 9-to-5 Downtown Brooklyn
office district has transformed into a vibrant, 24-hour community. Sometimes marketed as DoBro (pardon the portmanteau), the neighborhood boasts a robust residential population, low commercial vacancy rate, and a bustling shopping corridor. Recent years have brought a building boom ushering in new hotels, offices, and residential buildings.
The transformation of the area is well encapsulated at The Paxton, a 44-story mixed-use tower at 540 Fulton Street that combines eight floors of office and retail with 327 rental units on floors 9-43 to make the most of city views. The building is currently offering 1.5 months free rent on move-ins before September 5, 2024
Current availabilities start at $3,128/month for studios, $3,850/month for one-bedrooms, $5,569/month for two-bedrooms, and $7,838/month for three-bedrooms. All prices are net effective to reflect the concession.
Current availabilities start at $3,128/month for studios, $3,850/month for one-bedrooms, $5,569/month for two-bedrooms, and $7,838/month for three-bedrooms. All prices are net effective to reflect the concession.
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All apartments are flooded with natural light from oversized windows. Interiors feature European white oak flooring, LED lighting, kitchens with stainless steel appliances and honed Calacatta Nova quartz countertops, and baths with Eros grey honed marble accent walls. Additional comforts include individually controlled heating and cooling and in-unit laundry.
Residents of The Paxton arrive to an attended lobby, and a live-in superintendent is on staff. Amenities include a business center with conference room, a fitness center with separate yoga room, indoor lounge with fireplace and kitchenette, and outdoor terrace with BBQ grills. To truly top it all off is a rooftop sky lounge with comfortable seating and spectacular views.
The Paxton's striking facade was designed by Marvel Architects, and
Jenel Real Estate was at the helm of the 530-foot-tall tower. 96 units were designated affordable, and the lottery took place last summer.
Exterior renderings (Credit of Jenel Real Estate)
The Paxton Offices, a 137,00-square-foot component, have an address of 532 Fulton Street, and all floors span from approximately 9,700 to 13,400 square feet. They boast 16- to 20-foot-high ceilings, communal terraces, and floor-to-ceiling windows. Features include a canopied entryway, a stone-clad lobby decorated with abstract art, and lively common spaces.
Both residents and office workers are well situated to easily enjoy performances at the Brooklyn Academy of Music, concerts and sporting events at the Barclays Center, and peaceful strolls in Fort Greene Park. City Point, Fulton Mall, and Atlantic Terminal Mall provide endless shopping a short walk away. When leaving cannot be avoided, the Atlantic Avenue-Barclays Center terminal offers no shortage of transportation options.
A few blocks down the street, construction is set to start on the first phase of 80 Flatbush. The 44-story, 480-foot-high tower was originally expected to contain new schools, office space, and market-rate apartments. However, after the coronavirus pandemic impacted both the construction timeline and the demand for office space, developer Alloy Development changed their plans, swapping out 100,000 square feet of office space for housing, increasing the total number of units from 257 to 441. About ten percent, or 45, of the units will be affordable.
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The Paxton, #14A (MNS)
The Paxton, #32J (MNS)
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