Pierhouse & 1 Hotel Brooklyn Bridge Named Winner of A 2017 Building Brooklyn Award

7/24/17

Toll Brothers City Living, the urban development division of Toll Brothers, Inc., (NYSE:TOL), the nation’s leading builder of luxury homes, in partnership with Starwood Capital Group announce that the Pierhouse condominiums and 1 Hotel Brooklyn Bridge project has been recognized as the recipient of the Building Brooklyn Awards’ ‘National Grid Award for Energy Efficiency’. The honors were given by the Brooklyn Chamber of Commerce at a ceremony and cocktail reception held on July 13, 2017 at 1 Hotel Brooklyn Bridge.

“Having this project selected as the winner of a sustainability award is an honor and testament to our commitment and focus on bettering the built environment,” said David Von Spreckelsen, Division President, Toll Brothers City Living. “Pierhouse is expected to achieve LEED Silver certification, as it incorporates green features and amenities throughout and serves as a model for energy efficiency.”

The Brooklyn Chamber of Commerce and its Real Estate & Development Committee present the Building Brooklyn Awards annually to recognize recently completed construction and renovation projects that enrich Brooklyn’s neighborhoods and economy.

“We had a remarkable group of projects to pick from this year and it was clear that your project had the greatest commitment to a sustainable environment,” said Andrew Hoan, President and CEO of the Brooklyn Chamber of Commerce, in describing the selection of Pierhouse and 1 Hotel Brooklyn Bridge. “On behalf of the Brooklyn Chamber of Commerce, I thank you and your team for your outstanding contribution to Brooklyn’s streetscape and economy.”

Project Details:

Pierhouse and 1 Hotel Brooklyn Bridge

Address: 60, 90 and 130 Furman Street

Neighborhood: Brooklyn Heights

Developer: Toll Brothers City Living

Architect: Marvel Architects PLLC

Builder: Hudson Meridian Construction Group

With interiors and exteriors sustainably designed by Marvel Architects, Pierhouse consists of 106 townhome-style residences spread across two separate waterfront buildings, offering unrivaled views of the Manhattan skyline. The lush environment, conceived by landscape architect Michael Van Valkenburgh Associates, includes private rooftops and landscaped terraces designed to complement the surrounding park. The condominium is expected to achieve LEED Silver certification, with each home offering rainwater irrigation systems, as well as high-efficiency interior and exterior LED lighting and automatic energy-efficient solar shade systems throughout.

Residents have access to countless amenities, including 24-hour concierge service, multiple fitness centers, a meditation studio, lounge, children’s playroom, pet wash, refrigerated storage, and on-site valet parking. Cyclists will be welcomed with bicycle storage and access to Brooklyn Bridge Park in their front yard. Additionally, residents have access to select amenities of the adjoining 1 Hotel Brooklyn Bridge, including a signature restaurant, world-class spa, rooftop pool and bar, artisanal café and juice bar, private dining rooms, wedding terrace and more than 20,000 square-feet of event space.

Situated at Pier 1, just south of the iconic Brooklyn Bridge, in Brooklyn Bridge Park with sweeping waterfront views of the Manhattan skyline and the Statue of Liberty, 1 Hotel Brooklyn Bridge was developed by a joint venture partnership between Starwood Capital Group and Toll Brothers City Living, and it was designed by New York-based architecture studio, Incorporated. The property cultivates the best of eco-conscious design, sustainable architecture, cause-oriented partnerships, and unrivaled service.

Pricing for remaining homes at Pierhouse begin at $1.49M through $9.49M. The sales gallery is located on-site at 90 Furman Street, Brooklyn, NY, and listings can be viewed at http://www.pierhouseny.com. For more information or to schedule a visit, please call https://www.1hotels.com/ brooklyn-bridge.

Toll Brothers City Living

Toll Brothers City Living® is the urban development division of Toll Brothers, Inc., the nation’s leading builder of luxury homes. Toll Brothers City Living is bringing the same quality, value, and service familiar to our luxury home buyers throughout the country to some of the most dynamic urban markets including New York City; Hoboken and Jersey City, New Jersey; Philadelphia, Pennsylvania; and the Greater Washington, D.C., metro area.

Toll Brothers, an award-winning Fortune 500 company founded in 1967, is currently building in 20 states nationwide and is a publicly owned company whose stock is listed on the New York Stock Exchange (NYSE: TOL). For three years in a row, Toll Brothers has been ranked the #1 Home Builder Worldwide on the FORTUNE Magazine “World’s Most Admired Companies®” list.*The Company is named one of America’s Most Trusted® Home Builders by Lifestory Research†. Toll Brothers was also recently honored as national Builder of the Year by BUILDER magazine, and was twice named national Builder of the Year by Professional Builder magazine.

Toll Brothers proudly supports the communities in which it builds; among other philanthropic pursuits, the Company now sponsors the Toll Brothers - Metropolitan Opera International Radio Network, bringing opera to neighborhoods throughout the world.

*From FORTUNE Magazine, March 1, 2017 ©2017 Time Inc. FORTUNE and The World's Most Admired Companies are registered trademarks of Time Inc. and are used under license. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of Toll Brothers, Inc. † Toll Brothers received the highest numerical score in the United States in the proprietary Lifestory Research 2015 America’s Most Trusted® Home Builder study. Study based on 43,200 new home shoppers in 27 markets. Proprietary study results are based on experiences and perceptions of consumers surveyed between January and December 2014.

About Starwood Capital Group:

Starwood Capital Group is a private investment firm with a core focus on global real estate. Headquartered in Greenwich, CT, the Firm maintains 10 offices in four countries around the world, and currently has more than 2,100 employees. Starwood Capital Group has raised more than $33 billion of equity capital since its inception in 1991, and currently manages over $53 billion in assets. The Firm has invested in virtually every category of real estate on a global basis, opportunistically shifting asset classes, geographies and positions in the capital stack as it perceives risk/reward dynamics to be evolving. Over the past 25 years, Starwood Capital Group and its affiliates have successfully executed an investment strategy that involves building enterprises around real estate portfolios in both the private and public markets. Additional information can be found at starwoodcapital.com.

About 1 Hotels:

As a luxury lifestyle hotel brand inspired by nature, 1 Hotels cultivates the best of eco-conscious design and sustainable architecture, together with extraordinary comfort and an unrivaled level of service. 1 Hotels launched in 2015 with the opening of exclusive properties in Miami’s South Beach and Manhattan’s Central Park.1 Hotel Brooklyn Bridge, which opened in February 2017, is the first ground-up build, flagship property for 1 Hotels in Dumbo’s Brooklyn Bridge Park.All 1 Hotels properties are inspired by a simple idea: those that travel the world also care about it. 1 Hotels upholds this vision by channeling nature through design and culinary partnerships, while connecting with the local community and taking sustainable steps to make a big difference. Additional information can be found at www.1hotels.com.

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