Grocery as Amenity: Luxe Brooklyn Rental "Paseo on Fifth" launches second of two exquisite NEW residential buildings in Park Slope: 55 Paseo Place!

55 Paseo Place features a Lidl Grocery and high-end amenities including a rooftop with stunning views—at a key NYC location for transit, nature and culture

BROOKLYN, N.Y., Aug. 8, 2025 /PRNewswire/ -- The much-anticipated flagship of Brooklyn's new Paseo on Fifth residential duo, 55 Paseo Place, joins its boutique companion to the south, 50 Paseo Place, launching leasing of 131 new apartments in prime Park Slope.

Offering upscale modern living in Brownstone Brooklyn, both buildings open onto a beautiful new entry paseo—a wide, off-avenue pedestrian passageway. In addition to celebrating this new European-style plaza, co-developers William Macklowe Company and GreenBarn Investment Group, along with JV partners including NTT UD USA Inc. and Rithm Capital, are thrilled to introduce a suite of convenient retail for residents and the community.

Complementing the bustling independent retail along 5th Avenue, 55 Paseo will include a Lidl supermarket, a CVS and Wells Fargo, and other exciting retail yet to be announced. This walkable lifestyle, along with easy access to iconic, family-friendly locations like Prospect Park, Brooklyn Museum and Barclays Center, with all major subway lines nearby, make Paseo on Fifth a passport to verdant nature and inspiring Brooklyn culture.

"We sought to create a modern experience that takes inspiration from all the best that Park Slope and Brooklyn have to offer," said William Macklowe, Chairman and CEO of William Macklowe Company. "Every element, from the rooftop views and sun-filled apartment windows to the co-working spaces and fitness amenities, speaks to the way we live now. We were especially excited to create the 'paseo,' a tree-lined pedestrian path, and provide residents and the community with desired retail including a supermarket and pharmacy."

Designed by SLCE, with interiors by Durukan Design, residences, including studio, one and two bedrooms, feature large windows framing views of tree-lined streets and the city beyond. Courtyard and Rooftop lounges elegantly meet the live/work moment. A Hub lounge and social Suite offer venues for events, get-togethers, viewing parties and karaoke. A high-ceilinged Gym, Yoga Studio, Children's Playroom and Craft Studio offer bespoke, welcoming spaces for fitness, play and creative projects.

Renderings and Video of 55 Paseo Place / Full Release

Visit our website or contact leasing at 718.230.5055.

SOURCE William Macklowe Company and GreenBarn Investment Group