40 Stories on the Greenpoint Waterfront?
That’s what Dean Palin, developer of the Oro on Gold Street, is hoping he can create at 155 West Street, between Huron and India Streets. The Brooklyn Paper reports that the 2005 upzoning of the area allows for 30 stories, but Palin is aiming for 10 more (other north Brooklyn waterfront developments, The Edge and…
That’s what Dean Palin, developer of the Oro on Gold Street, is hoping he can create at 155 West Street, between Huron and India Streets. The Brooklyn Paper reports that the 2005 upzoning of the area allows for 30 stories, but Palin is aiming for 10 more (other north Brooklyn waterfront developments, The Edge and Northside Piers, didn’t rise to the 30-story allowance). Palin’s vision includes a 422-unit rental tower as a piece of a 620-unit development, with a $2 million waterfront esplanade and three six-story buildings with 218-units, some 140 of them affordable. But affordability’s not why Palin wants more height. “The developer claims that he needs to make his high-rise 10 stories taller than zoning allows because he cannot build within 50 feet of a sewage pipe that runs through the lot, and he cannot touch a 25-foot section of wetlands at the corner of the property, said Ken Fisher, a former councilman who is representing the builder.” Public records show Palin paid a whopping $84,750,000 for the site a couple years back and has just recently filed for demolition permits; financing for the build out, though, is not yet in place. Fisher hopes that’ll happen by spring of 2009.
40 Stories and a Rule [Brooklyn Paper]
Thanks for the simpleton lesson.
dittoburg
1) the way the world is today does mean that is the way it will or should be in the future
2) If we held to your view for all eternity, nothing would ever be built anywhere. New York City as you know it would never have been built.
Come oooon, recession! Do your job!
how about focusing on financing for oro 2 before putting another hole in the ground?
The whole area of north greenpoint is low-rise. Whether or not its permissible, its not going to be popular with most of the current residents. The psychological impact of huge out of scale buildings is not a positive.
Okay, but who is going to live there?
As-of-right, the zoning permits 4 buildings: a 300 ft tower, two 150 ft towers and a 65 ft. building. What Dean is proposing is to cut both 150 ft. towers to 65 ft and increase the 300 ft. tower to 400 ft. There is no increase in square footage. We think its a much better design all around with better view corridors and more light and air.
40 stories? Why so short? I think they could go higher… just has to be shorter than the “Freedom Tower”
(btw, is that still going to be the name? freedom tower?)
Yea, its also better than a gargabe dump but so what?