Lendlease, a leading integrated real estate group, and joint venture partner Aware Super, one of Australia’s largest superannuation funds, announced the topping-out of 1 Java Street’s two towers, reaching 37 and 20 stories, along Brooklyn’s Greenpoint waterfront. The residential development contains 834 rental units, 30% of which are designated as affordable housing under the Affordable New York Housing Program, as well as approximately 13,000 square feet of neighborhood-oriented retail space and a climate-resilient shoreline.
The project’s vertical closed-loop geoexchange system will reduce annual carbon emissions from heating and cooling by 53% compared with typical residential systems. As an all-electric building, 1 Java Street will also avoid carbon emissions related to the use of natural gas.
“We are proud to reach this significant milestone of structural completion for a project that establishes a new model of equitable and sustainable urban development,” said Meg Spriggs, Managing Director of Development, Americas, Lendlease. “1 Java Street aligns with Lendlease’s long-term investment strategy in the Americas, focused on properties that improve the vibrancy of the surrounding community while also delivering value to investors.”
Designed by Marvel, 1 Java Street features an interconnected building that occupies a full city block with two towers facing the East River connected to a mid-rise podium with frontages on India Street, Java Street and West Street.
“With 1 Java Street, we are setting a new standard for next-generation multifamily living with a high-quality, mixed-income development that is both fully electric and powered by geothermal energy,” said Monique Henley, Executive General Manager, East Coast Development, Lendlease. “As this project takes shape along the Brooklyn waterfront in Greenpoint, we’re realizing our innovative vision for sustainable urban development in one of the world’s most vibrant and desirable cities.”
A new public waterfront esplanade will ensure 1 Java Street fully integrates with the surrounding neighborhood. This includes direct access to the India Street Pier — which was improved as part of the project and is served by the East River Ferry — as well as installation of a living shoreline that will help protect the site from climate change-related flooding events.
1 Java Street is the sixth project developed and operated as part of the Aware Super and Lendlease joint venture Americas multifamily portfolio, which achieved net zero carbon in 2021. The joint venture’s stabilized assets have also been recognized by GRESB as Regional Sector Leader for superior ESG performance.
Developed by Lendlease, 1 Java Street is a sustainable, urban regeneration development along the Greenpoint waterfront in Brooklyn, New York. Scheduled for completion in 2026, the project will comprise 834 rental units, 30% of which have been designated as affordable housing under the Affordable New York Housing Program. The all-electric property will utilize a vertical closed-loop geothermal system, making it the largest geothermal residential development in New York State.
Designed by Marvel, 1 Java Street will be comprised of five interconnected buildings, including a 37-story and a 20-story tower. The property will feature nearly 13,000 square feet of retail space, as well as an 18,000-square-foot public waterfront esplanade connecting to the India Street Pier, which is served by the East River Ferry. Targeting LEED Gold certification and designed to meet or exceed Local Law 154, New York City’s legislation that mandates new construction to be all-electric, and Local Law 97, New York City’s decarbonization legislation, 1 Java Street aligns with Mission Zero, Lendlease’s industry-leading initiative to reach absolute zero carbon by 2040.
Lendlease is an integrated real estate group with international investment capabilities. Headquartered in Sydney, Australia, and listed on the Australian Securities Exchange, Lendlease’s core capabilities are reflected in its operating segments of Investments, Development, and Construction. The combination of these three segments provides the Company with a sustainable competitive advantage in delivering innovative integrated solutions for its customers.
