JEMB Realty Acquires Land and Development Rights for One Willoughby Square

7/14/17

Fried Frank represented JEMB Realty Corporation in its acquisition of land and 150,000 square feet of development rights from the City of New York for a planned new 560-foot office tower in downtown Brooklyn. The One Willoughby Square development is the first ground-up commercial project since the re-zoning of the area in 2004 and will provide much needed office space in Downtown Brooklyn. The building, directly across from the dining and shopping amenities of Citypoint, will have uninterrupted views over a one-acre public open space known as Willoughby Square.

The Fried Frank team was led by real estate partner Zachary Bernstein, real estate associates Nicholas R. Williams and Ross M. Wasserman, and real estate law clerk Krisia A. Ildefonso.

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