Brooklyn Bridge Park chooses developer for John Street site
Brooklyn Children's Museum annex to occupy first floor
The Brooklyn Bridge Park Board of Directors has selected a joint venture of Alloy Development and Monadnock Development to design and develop a residential building at John Street in DUMBO.
New parkland, which will include pedestrian bridges over a tidal salt marsh, tree-lined pathways, and a 13,000-square-foot gathering lawn, is also slated to be built at the John Street site. The 1.5-acre site, formerly owned by Con Edison, is at the northernmost section of the park.
The residential building will include 47 apartments and cultural and retail space on the ground floor, which will be occupied by the Brooklyn Children’s Museum. There will also be improved pedestrian access to the park at the Jay Street.
“Brooklyn Bridge Park has quickly become one of our city’s favorite parks, attracting visitors who enjoy its innovative design, new amenities and breathtaking views,” said Mayor Bloomberg. “New parkland and residential development at John Street will allow the park to grow and continue to thrive as one of the highlights of our city’s new green waterfront.”
“Securing residential development at John Street further strengthens the park’s financial footing and our ability to operate and maintain the park far into the future,” said Regina Myer, president of Brooklyn Bridge Park. “In addition, we are thrilled to be developing and integrating new parkland into the northern portion of the park and improving pedestrian access at Jay Street.”
“The Alloy Development/ Monadnock Development partnership to bring 47 residential units and the first annex of the Brooklyn Children’s Museum is truly the dot on the exclamation point that is Brooklyn Bridge Park,” said Borough President Marty Markowitz. “Not only will this development generate income to help achieve the goal of a self-financing park, DUMBO’s John Street will be on par with Sesame Street for the borough’s toddler and preteen set once the renowned Brooklyn Children’s Museum opens its doors on the waterfront.”
“Today’s board action is another positive step forward for the long-term financial stability of Brooklyn Bridge Park,” said Robert K. Steel, deputy mayor for economic development and chairman of Brooklyn Bridge Park. “This investment in residential, retail and cultural space will strengthen the public-private partnership that has made this park so successful and spur healthy economic development that will extend beyond the neighborhood of DUMBO.”
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