Troutbrook expands with boutique condo project and Marriott Fairfield Inn & Suites renovation

Brooklyn, NY For more than 25 years, Troutbrook/Freud Development has remained focused on executing design-driven projects across the city. Its latest ventures reflect both a continued push into boutique residential development and an expansion into other investments.

• 474 Prospect Ave.:

Troutbrook is developing a ground-up condominium project totaling 9,000 s/f with an expected sellout of around $10 million.

The building will feature five bespoke residences, each reflecting Troutbrook’s commitment to craftsmanship and design integrity. The project is notable for introducing some of the smallest and most efficient units Troutbrook has built, an intentional move to explore compact, high-function apartment layouts for future developments.

Key features include:

• Exposed 10-ft. concrete ceilings offering an industrial yet refined aesthetic

• Leicht kitchen cabinetry, blending German precision with modern minimalism

• Smart, efficient floor plans emphasizing livability and natural light.

Brooklyn Properties is the exclusive selling agent, overseeing marketing and sales. Troutbrook has worked with Brooklyn Properties on the sellout of $50 million of condo projects, through the many years of working together. Van Construction serves as general contractor, with an anticipated summer 2026 occupancy.

• Marriott Fairfield Inn & Suites

Concurrently, Troutbrook is preparing to commence renovation of a Marriott Fairfield Inn & Suites property in both the interiors and exteriors of the project. The hotel asset will modernize the guest experience while aligning the hotel with Marriott’s updated brand standards. This initiative highlights Troutbrook’s ability to manage both boutique residential projects and hospitality assets, reinforcing a diversified investment strategy. 

Troutbrook also plans to announce several other projects being recapitalized or in the design development stage, with a terminal value of approximately $100 million in 2026.

To date, the acquisition and project developments have been financed through Troutbrook’s internal cash flow.

Market Context and Strategic Vision

The New York City residential market remains balanced but constrained, with pricing stability in prime areas and softness in secondary markets. Elevated interest rates, limited supply, and shifting buyer preferences are shaping a new development environment where efficiency, design, and execution quality matter more than scale.

Troutbrook’s work at 474 Prospect Ave. exemplifies that shift — delivering high-design, space-efficient residences that align with evolving buyer behavior. Combined with its hospitality investments, the firm continues to demonstrate a forward-looking approach grounded in adaptability, quality, and disciplined growth.