Tony Brooklyn nabe goes from old money to ultra-luxury as Ritz-Carlton moves in and bidding wars explode

Brooklyn Heights is attracting a new wave of high-end development, including the borough’s first branded residences, a costly private athletic club and a mixed-use tower. The changes reflect rising demand and competition for homes in the historic neighbourhood, as well as a shift towards more hotel-style services and amenities.

The former Hotel Bossert is set to become the Ritz-Carlton Residences, with construction expected to start later this year and completion planned for 2029; prices have not been announced. Kings Athletic Club spans 52,000 square feet, and reported annual memberships cost between $30,000 and $70,000, with a waitlist. One Montague Place will include 46 condominiums, 90 rental homes and 40,000 square feet of retail; reported starting prices are about $6 million.