NEW YORK CITY—JEMB Realty has partnered with Forest City Ratner Cos.—a wholly owned subsidiary of Forest City Realty Trust—to develop One Willoughby Square, the first ground-up, office tower built in Brooklyn for the innovation economy in a century.
Forest City Ratner will take an equity stake as the developer and a minority partner in the approximately 500,000-square-foot property.
One Willoughby Square is slated to “celebrate the workplace of the future,” according to the announcement of the partnership behind the project. “The building will establish a new standard of excellence for the creative and tech industries in Brooklyn, utilizing the latest innovations in modern office space and capturing panoramic 360-degree sight-lines of New York Harbor, the Lower Manhattan skyline and Brooklyn.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
