Brooklyn



Monitor Point Development Expands Affordable Housing Commitment at 40–56 Quay Street In Greenpoint, Brooklyn

The Gotham Organization has announced an increase in the affordable housing allotment for its proposed three-tower Monitor Point development at 40–56 Quay Street in Greenpoint, Brooklyn. Designed by FXCollaborative, the project consists of structures standing 600, 450, and 230 feet tall and will yield a collective 1,150 units. Under the latest proposal, 40 percent of the units, approximately 460 apartments, will be made permanently affordable. This figure is nearly double the 288 from the initial announcement, and was informed by five years of engagement with community stakeholders. The property is bounded by Quay Street to the north, Franklin Street to the east, and the Bushwick Inlet to the south and west.

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Foundations Underway for Alloy Block’s Second Phase at One Third Avenue in Downtown Brooklyn

At number 16 on our year-end countdown of the tallest construction projects in New York is One Third Avenue, a 725-foot-tall mixed-use skyscraper in Downtown Brooklyn‘s Alloy Block complex. Designed and developed by Alloy Development, the 63-story structure will yield 583 residential units, with 153 designated as permanently affordable. The project will also include 60,000 square feet of Class A office space and 30,000 square feet of retail. The structure is aiming for the title of tallest Passive House-engineered building in the world and will rise between State Street and Lafayette Avenue.

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