NEW YORK CITY — Landau Properties, in partnership with Third Millennium Group and Midtown Equities, has broken ground on a new residential development located in Brooklyn Heights. Project costs will total an estimated $550 million.
The developers received $213 million in financing for the first phase of the development in December 2025.
Upon completion, One Montague Place will comprise 46 luxury condominium residences, 90 multifamily units and 40,000 square feet of retail space. Condominiums at the development will span roughly 3,000 square feet and include three bedrooms.
AECOM Tishman is leading construction on the project. The project team also includes Zarifi Design, Hill West Architects and Douglas Elliman.
“With world-class amenities and stunning skyline views, One Montague Place will redefine luxury residential living in the heart of Brooklyn, and we are honored to break ground on this game-changing project in conjunction with Landau Properties,” says Eric Reid, COO of AECOM Tishman.
Completion of the development is scheduled for 2029.
Founded in 2022, Landau Properties develops, acquires and operates residential and commercial real estate properties in New York and South Florida.
— Hayden Spiess