Greenpoint Landing developments/ Brookfield Properties architectural rendering
NEW YORK CITY—In a joint venture, Brookfield Properties and Park Tower Group will develop two new rental development sites at Greenpoint Landing, on the Brooklyn waterfront. The buildings will house approximately 1,240 units, 30% of which will be affordable. Construction is expected to being in 2019. The total cost to develop these two new sites which includes an extension of the waterfront esplanade is $1 billion.
In total, Brookfield and Park Tower Group are now developing more than 2,000 units across four sites on the Greenpoint waterfront. In 2015, Brookfield and Park Tower Group announced a partnership to build their first two rentals at Greenpoint Landing, totaling 800 units. The first building is expected to begin leasing by the end of this summer.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
