More Happenings
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Alloy closes on financing for second phase of The Alloy Block
Alloy closes with Kayne Anderson Real Estate and Vistria in financing the second phase of construction of the Alloy Block in Downtown Brooklyn and the tallest Passive House building in the world, One Third Avenue. Rising to 725 feet, the 62-story mixed-use tower will include 583 market-rate and affordable apartments, 30,000 square feet of retail, and 60,000 square feet of Class A office space.
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Alloy Turns 20!
Alloy celebrated it's 20th anniversary with a inaugural company wide trip to Berlin this July. The team met with partners and families to attend cultural events, architectural tours and group dinners to celebrate our achievements and to be inspired. Good times, memories, speeches and team building were the highlights of the trip.
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One Third Avenue Demolition Begins!
Demolition has begun on One Third Avenue, second phase of The Alloy Block which includes retail, office and residential apartments. In addition to the repurposing of the existing historic buildings on the site, the tower is designed to meet passive house standard to become one of the largest passive house towers in the world. Cheers to the team on site working hard to bring this vision to life.
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Career Pathways Workshop at 240 Nassau Street
Alloy and GFB will host an interactive career workshop that will introduce people to the wide range of career opportunities in the real estate industry! In collaboration with the leaders from the various sectors of the industry, people will have a chance to learn about what real estate professionals do and to ask questions and gather resources about how to enter the field.
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Alloy Development is one of the world's 50 most innovative companies of 2025
Alloy is honored to be recognized as #44 of the world's most innovative companies and #1 in our sector of urban development and real estate by Fast Company. Thanks to the team who helped us achieve our goals. We will continue to push the boundaries of sustainability and real estate development on future projects and with the completion of the most sustainable block in Brooklyn.
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NYC DOE Chancellor Aviles-Ramos visits KGIA and PS456.
We were thrilled to tour KGIA and PS 456 with Chancellor Melissa Aviles Ramos to showcase the success of our public-private partnership with ECF on the completion of New York City's first passive house schools.
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Thank you to all who attended our 240 Nassau Street Visioning Workshop!
We had over 75 community members in attendance at our visioning workshop to gather community feedback on the future of 240 Nassau Street. It was great to hear what mattered most to the community and to get feedback on design, outdoor spaces, housing and community programming. We look forward to the next workshop.
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AJ Pires named Co-Chair of Urban Design Forum
The Urban Design Forum announces AJ Pires, President of Alloy has joined Jamie von Klemperer as Co-Chair of Urban Design Forum's Board of Directors. We look forward to the work that AJ and Jaime will do to spark innovation and creativity within the organization as it provides much needed thought leadership on some of New York City's most pressing issues.
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Yafa opens in 505 State Street!
Yafa, a family and minority-owned Brooklyn based coffee company which spotlights Yemeni coffee culture, opened their second location on the ground level of 505 State Street this week. We welcome Yafa as our new neighbor on the Block and hope to see you there.
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KGIA and PS456 open!
NYC's first passive house design schools are officially open. New and returning KGIA students and teachers are welcomed to a new facility with high tech labs, a rooftop basketball court and a cafeteria with a planted terrace. PS 456 the Elizabeth Jennings School for Bold Explorers opens it doors to new students as a new elementary school featuring a gymnatorium and rainbow playground on the roof.
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Alloy forms joint-venture partnership with GFB Development on 240 Nassau Street
Alloy and GFB Development to work together on 240 Nassau Street in Fort Greene. The team will continue to host regular meetings and gather input from the nearby NYCHA communities and eventually pursue a rezoning of the site to bring a community center and housing to the neighborhood, including a significant number of affordable apartments.
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Open House at 240 Nassau!
On June 1, roughly 200 neighbors joined us in the gym at the restored Boys & Girls Club for food, entertainment, and socializing. It was a great opportunity for neighbors to learn about Alloy, share memories of the Boys & Girls Club, and provide thoughts about what would make the community better. Our local Council Member spoke, the Brooklyn Diamonds brought the house down, and all had fun.
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Join us on June 1 for a community open house at the Navy Yard Clubhouse.
Join us on June 1 for a community open house at the Navy Yard Clubhouse, Alloy's newest project. There will be food, ice cream, performances and a raffle.
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Brooklyn Scores With the First All-Electric Building in New York City.
505 State Street is featured in the NY Times as the first all-electric building in New York City. Sustainability is at the core of our mission and are we hope to see more all-electric buildings in the future.
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Alloy becomes a certified B-CORP!
We are committed to making Brooklyn beautiful, equitable and sustainable by leveraging our work to do good. In March 2024 we received our B Corporation accreditation with a score of 108.1, surpassing the 80 point threshold. We are proud of this achievement and to join a number of organizations who share collective values about responsible and sustainable business.
