NEW YORK, Nov. 15, 2019 /PRNewswire-PRWeb/ -- 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 new 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 be one of the first-of-its-kind buildings in New York City and will add co-living to both companies already extensive portfolios, which includes hotel and residential development. Both Time Square Development Group and Time Square Construction have longstanding reputations for developing and delivering projects, both large and small, on schedule and on budget.
"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 new co-living residential and hotel development, which will consist of two 10-story buildings and one 4-6 story building, will include 400-bedroom units, comprised of 2-bedroom units, co-living studios, 3-bedroom units and hotel rooms. The 219,185 gross square foot development will share a common 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 great views of New York City.
Tower Holdings Group, operating in the United States and Ireland, is a leading, integrated developer, construction manager, specialist façade contractor and materials supplier, consisting of nine independent entities. The Group's U.S. entities include Time Square Development Group LLC, Time Square Construction Inc., HDK Construction LLC, Alubuild USA LLC & Aluprof USA LLC.
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SOURCE Tower Holdings Group
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