Thursday, November 7, 2013

Two Colossal Waterfront Projects Get Green Light in Brooklyn

To the surprise of no one, the City Planning Commission gave a green light to both Greenpoint Landing and Waterfront at Greenpoint, two huge residential projects that will bring thousands of new apartments to the North Brooklyn waterfront. The 10-tower Greenpoint Landing mega-project, with multiple 30 to 40 story towers, will house some 5,000 units, while 77 Commercial Street will contain 720 apartments. The controversial projects will be among the last big approved under the Bloomberg administration.

The City Planning Commission unanimously approved a pair of big, controversial residential projects slated for the North Brooklyn waterfront.

Greenpoint Landing is proposed by developer Park Tower Group, while Waterfront at Greenpoint is a separate project planned by the Chetrit Group, at 77 Commercial Street.

Now that the commission has given its blessing to about 700 of the roughly 5,500-units in the Greenpoint Landing project, along with the 720-unit 77 Commercial St. development, the City Council has 50 days to make the final call.

Should they gain ultimate approval, the projects, which include multiple towers of 30-to-40 stories, would be among the final significant changes to the city's waterfront approved under the Bloomberg administration.

Greenpoint Landing

Greenpoint Landing will ultimately include almost 5,500 apartments, including more than 1,300 units of affordable housing, ground floor retail, a 640-seat public school with 4 acres of open space.

The application will also allow the transfer of city property to Park Towers to build 431 units of affordable and 276 units of market-rate housing.

[see ElectricWeb | Blogger, Nov 7, 2011]
[see ElectricWeb | Blogger, Dec 28, 2012]

Waterfront at Greenpoint

77 Commercial Street will feature a six-story base building containing 200 units of affordable housing, about 25,000 square feet of ground-floor retail, community space and a garage. Two towers will house 520 units of market-rate housing.

The apartments will not actually be all that affordable in any meaningful sense, as recent report found that about two-thirds of the city’s "affordable units "are too expensive for the majority of local neighborhood residents.

In line with 2005 rezoning, the Chetrit Group purchased air rights from the adjacent MTA bus parking lot at 65 Commercial Street for $8.2 million.

The density from the lot is being added on to their proposed 30 and 40-story structures, while the city will use the cash to develop the 2.6-acre Box Street Park.

Both projects will feature public waterfront access.

Click photos to enlarge

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