Two Blue Slip, Greenpoint Landing. Courtesy of Brookfield Properties.
NEW YORK CITY – Brookfield Properties and Park Tower Group have opened Two Blue Slip, a second multifamily tower, at Greenpoint Landing in Brooklyn. Leasing efforts are underway for the property that is situated on the East River waterfront in the Greenpoint submarket.
The joint venture including Park Tower Group and Brookfield is developing a total of 2,000 units across four development sites at Greenpoint Landing. In August 2018, the first building One Blue Slip opened, which features 359 units and is fully leased, along with 1.1-acres of public waterfront open space.
Two Blue Slip features 421 units, including 12 penthouse apartments with private outdoor spaces and river views. As a part of the Affordable New York program, 30 percent of the units are income-targeted and set to lease-up through the City of New York's Housing Connect lottery system.
"It has been a real privilege to watch the growth of the neighborhood continue with both new apartments and additional waterfront esplanade access, strengthening Greenpoint Landing," said Maria Masi, senior vice president multifamily development at Brookfield Properties. "We are so thrilled to welcome new residents to the exceptional community in Greenpoint."
Developer Park Tower Group is leading the development of Greenpoint Landing, which totals 22-acres. In 2005, the City of New York designated the site for residential use under the Greenpoint-Williamsburg rezoning. When development at Greenpoint landing is completed, it will include an estimated 5,500 residential units – approximately 1,400 of which are affordable housing – as well as a new pre-k through 8th-grade public school and four acres of public open space.
The next phase of development at Greenpoint Landing includes acres of additional public waterfront open space and three new towers, which are all under construction. One thirty-story tower is rising between One Blue Slip and ta new park, dubbed the Box Street Park. Also, immediately south of Newtown Barge Park, two new residential towers are rising.
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© 2024 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.
Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
