JEMB Realty Corporation has taken possession of the site at 420 Albee Sq. in Downtown Brooklyn where it will build One Willoughby Square, a 450,000-square-foot office building and school.

“This is a critical part of our jobs strategy – investing in new office space in neighborhoods like Downtown Brooklyn and Long Island City to create good jobs for more New Yorkers,” said James Patchett, president and CEO of NYCEDC.

The new tower will include 380,000 square feet of commercial space, including ground floor retail, and a new school with seats for 300 students. The project marks the first ground-up office development in Downtown Brooklyn since the neighborhood’s 2004 re-zoning. The tower will bring 1,100 permanent new jobs to Downtown.

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