Brookfield Property Partners

31-Story Tower to Join Greenpoint Landing Waterfront Development

One Blue Slip at Greenpoint Landing (Handel Architects)

The newest addition to the 22-acre Greenpoint Landing waterfront development located at the northwestern corner of Greenpoint, named One Bell Slip, will be a 31-story residential tower according to pre-filings by Brookfield Property Partners with the Dept. of Buildings, The Real Deal reports.

The One Blue Slip tower opened last summer for leasing and at $3,023 per month currently offers the most expensive studio apartments for rent in Greenpoint, according to StreetEasy.

One Blue Slip at Greenpoint Landing (Handel Architects)

The new residential building will have 380,000 square feet and 408 apartments, part of the total 5,500 total apartments planned at Greenpoint Landing which is adjacent to the soon-to-be cleaned Nuhart Plastics Superfund site. 

Last summer, Brookfield announced a deal with Park Tower Group to buy into 1,240 units at Eagle and Commercial streets in two new towers financed with an $89 million loan from the Industrial and Commercial Bank of China.

Toronto-based Brookfield, who has for years been one of Governor ‘Amazon’ Cuomo’s largest donors, is also behind one of the current largest private residential developments in the Bronx and is one of the largest real estate developers in the world.

 

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Everything You Need to Know As Development Prepares to Go Full-Throttle in Greenpoint

A rendering of a high-rise coming to Greenpoint Landing (via Brookfield Property Partners and Park Tower Group)
A rendering of a high-rise coming to Greenpoint Landing (via Brookfield Property Partners and Park Tower Group)

If the trucks, dust, and noise of recent months haven’t been self-evident enough, the Northwest corner of Greenpoint is now bracing itself for more of the above.

In a meeting held Tuesday between developers, city officials, and community representatives, Council Member Stephen Levin attested to the notion that we’re more or less exiting the warmup phase of the current development cycle and heading for the main event.

“The reality is that the pace of development has sped up over the last six months to a year,” he said. “Even since we first start meeting, the pace of development has really accelerated. That’s because the economy’s doing well, banks are lending, developers are getting in the ground, and things are moving.”

Organized by Neighbors Allied for Good Growth (NAG), the meeting gave residents an opportunity to ask some tough questions and hear a slightly more unscripted perspective from developers.

Hot topics included Greenpoint Landing, the West Street project (what’s the deal with all those missing trees?), environmental remediation at NuHart, and the not-so-promising future of Greenpoint’s parking situation. The aftermath of the infamous Halloween rave also received some airtime (for those curious, fines will be levied, but the amount is still undetermined).

nuhartThat construction is inevitable (and that it’s inevitably a nuisance) is hardly breaking news, but it seems as though residents still have a window of opportunity to air their concerns and perhaps influence the direction some of this taking. The public comment period for the Nuhart State Superfund remediation, for example, is still coming up.

In the meantime, here are a few of the latest updates from the land of jackhammers drilling into toxic soil. Continue reading

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