210-Unit Luxury Rental Planned in Greenpoint

In late January we noted that a developer called Domain Companies had filed plans with the city to build a 200+ unit building at the northern tip of Greenpoint, near the Newtown Creek, and now the Brooklyn Paper has an article fleshing out the project’s details. The building will be a luxury rental with prices starting at around $1,900 a month for one-bedrooms, though 20 percent of the units will probably be affordable under the 80/20 program. The story notes that some are skeptical of the plans: “The building’s size and location — nine blocks from the nearest subway station and one block from a body of water so polluted the feds declared it a Superfund site — have raised a few eyebrows in the neighborhood. But Domain’s Chris Papamichael said that the area is still desirable as it’s more affordable than other nearby luxury rental hubs like Williamsburg and Long Island City and it’s less than a 10-minute walk to public transportation.” Construction is supposed to start late this year and be finished in a couple years.
Huge New Apartment Building Planned for Greenpoint [BK Paper]
New Building Planned for Northern Tip of Greenpoint [Brownstoner] GMAP
Photo via PropertyShark