Greenpoint

Greenpoint construction checklist

Eye On Real Estate

March 2, 2016 By Lore Croghan Brooklyn Daily Eagle
We took Greenpoint construction photos, but renderings are more interesting, so they go first. This is the Gibraltar at 160 West St. Rendering courtesy of Bryan Atienza and Ryan Serhant

Can you even keep track of all the residential development that’s going on in Greenpoint?

It’s not an easy task.

Here’s a sampling of what’s happening around West Street, to give you a taste of what’s cooking in the waterfront neighborhood. And just a thought: Why isn’t there a development called The Kanye? It would be ideal, given the name of the street we’re strolling up.

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* At 50 Greenpoint Ave. on the corner of West Street, the framework for a building is shrouded in construction netting.

Construction permits were issued late last year  — and in February 2016 — for a seven-story, 44-unit apartment building designed by architect Karl Fischer, city Buildings Department records indicate. The original plans were filed in 2007, the records show.

A 2014 Curbed.com story says the project stalled in 2009 and suggests the reason was “the time’s economic climate.”

* At 44 Kent St. on the corner of West Street, basement floors and walls are being laid out for a new building, which will be six stories tall and have 42 apartments, Buildings Department records show. Developer One Zero One LLC, with Pinchos Loketch as managing member, paid $8.75 million for the site in 2014, city Finance Department records indicate.

* The construction of a new red masonry building at 45 India St. near the corner of West Street is nearly finished. It’s a small-ish four-story building with six residential units. According to Finance Department records, Kenry Corp., the developer, transferred ownership of the property to a related LLC in 2014.


* The frame of a new building rises above the construction fence at 160 West St. on the corner of Huron Street. This building-in-the-making is the Gibraltar, which is a condo development.

Buildings Department filings indicate the six-story building will have 13 residential units. Finance Department records show that an LLC with Saddle Rock Equities as its managing member bought the site for $4.5 million in 2014. Saddle Rock managing member Steven Ferguson signed mortgage documents.

 

Ryan Serhant and Bryan Atienza of Nest Seekers International are the exclusive marketing agents for the development.

A deal has been lined up to sell a penthouse at the Gibraltar for $2.1 million, which works out to $1,482 per square foot, The Real Deal reported.

* The day we stopped by, a partial stop work order was posted at 10 Huron St., a massive site that also uses 145 West St. as an address. Big piles of earth can be seen on the other side of the construction fence; bits of the basement have been built. In late February, the Buildings Department issued a permit for the construction of a 39-story tower with 500 apartments.

Palin Enterprises, which had owned the site, set up a partnership with Mack Real Estate Group.

In establishing this partnership, an LLC managed by Dean Palin sold the property for $59.88 million in 2014 to an LLC managed by Richard Mack, Finance Department records indicate.

* Three affordable rental-apartment buildings are coming right along at Greenpoint Landing, the mega-project that developer George Klein’s Park Tower Group and L+M Development are constructing.

The façade is in good shape at seven-story 33 Eagle St. where West Street dead-ends. This building will have 98 apartments. Nearby, there’s 5 Blue Slip, which is just rising out of the ground. This building will be six stories tall and have 103 apartments.

Next door to that site, the exterior of under-construction, six-story 21 Commercial St. looks good. It will have 93 apartments.

All three buildings will have varying amounts of retail space.

* A neighbor of 21 Commercial St. is the fascinating-looking but foully polluted Harte & Co. factory at 280 Franklin St. People often refer to the vacant Art Moderne building with the curved glass-brick façade as the NuHart Plastics factory because that’s the name of the company that last occupied it.

There’s scaffolding on a segment of the huge property along Dupont Street that doesn’t have lethal pollutants beneath it. But demolition on that section of the site had not begun the day we visited it.


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