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Developer buys Brooklyn site for planned four-building housing complex

Downtown property sits across from former Macy’s store being converted into entertainment hub
Borough Developers plans to build a residential complex, depicted in a rendering, at 485 Fulton St. and 147 Lawrence St. in downtown Brooklyn. (JLL)
Borough Developers plans to build a residential complex, depicted in a rendering, at 485 Fulton St. and 147 Lawrence St. in downtown Brooklyn. (JLL)
CoStar News
September 21, 2026 | 8:20 P.M.

A developer has acquired a downtown Brooklyn, New York, site for a planned mixed-use residential project, adding to the neighborhood’s shift into a live-work-play hub.

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