The project, dubbed ‘1133 Manhattan’, is being developed under Mayor Bloomberg’s ‘New Housing Marketplace Plan’, which was launched in 2004 to help create 165,000 new affordable housing units by the end of 2014. 50% of this project will be set aside for ‘low income’ and ‘middle income’ families. Specifically, 42 units will be reserved for households earning no more than 50% of Area Median Income (AMI) or $29,050 for an individual and 63 of the units will be available to households earning no more than 175% of AMI or $101,675 for an individual. The remaining 50% of the units will be market rate.
The site is currently a vacant, single story warehouse and is the former home of the Brooklyn Rapid Transit Railroad car barn. This northern end of Greenpoint is still very quiet, but several large developments are in the works that will dramatically increase the density of the area. The long planned, but yet-to-be-delivered park at 65 Commercial Street will only be a block away. New residents will be able to enjoy neighborhood favorites like Milk and Roses, Champion Coffee, Lobster Joint and Eastern District. Preliminary construction appears to be underway and is scheduled to be completed in late 2014.
What would fellow Greenpointers like to see on this site? Is this project the right use, size and scale?