Time Square Development Group and Time Square Construction Inc., each an independent business integrated into Tower Holdings Group, will partner on the development and construction of 1215 Fulton Street, a co-living residential and hotel development in Bedford-Stuyvesant, Brooklyn.
Time Square Development Group and London-based The Collective, a leader in co-living communities, purchased the 1215 Fulton Street property, as well as 10 Halsey Street and 16 Halsey Street, earlier in 2019. 1215 Fulton Street will add co-living to both companies’ portfolios, which include hotel and residential development.
“I’m confident that by working together, our Time Square Development and Time Square Construction teams will bring the right balance of expertise to manage all phases of this project as efficiently as possible,” said Kevin O’Sullivan, CEO & president of Tower Holdings Group.
The co-living residential and hotel development, which will consist of two 10-story buildings and one four- to six-story building, will include 400 bedroom units, comprised of two-bedroom units, co-living studios, three-bedroom units and hotel rooms. The 219,185-square-foot development will share a cellar and ground floor plan connecting all three towers as well as theaters throughout, gym, yoga studio, restaurant and bar, as well as large roof amenity spaces that will offer views of New York City.
