Greenpoint waterfront to host hundreds of affordable homes, including homeless

Yes, it takes a village: Elected officials, city agencies, a developer who cares

April 4, 2024 Special to BROOKLYN SPACE
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GREENPOINT — New housing grows in Brooklyn. On Wednesday, Greenpoint Landing Associates celebrated the most recent addition to its Greenpoint Landing master-planned development site, 35 Commercial St. The 22-story brick tower in Greenpoint offers 374 permanently affordable apartments. Of the 374 units, 57 have been set aside for formerly homeless applicants and include assistance with unit furnishing and ongoing social services provided via a partnership with the nonprofit social service organization Breaking Ground.

The ribbon-cutting ceremony included commentary from Leila Bozorg, Executive Director for Housing, City of New York; Adolfo Carrión Jr., Commissioner of New York City Department of Housing Preservation and Development (HPD); Lincoln Restler, NYC Council Member, Greenpoint; Amie Pospisil, Chief Operating Officer of Breaking Ground; and Marian Klein, President, Park Tower Group.

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Greenpoint Landing is a 22-acre site situated along a half-mile of East River waterfront, being master-planned and developed by Park Tower Group. In 2005, the City of New York designated the site for residential use under the Greenpoint-Williamsburg rezoning. In its entirety, Greenpoint Landing will include an estimated 5,500 residential units — including affordable housing — as well as five acres of public open space. Greenpoint Landing Associates closed on the construction financing for 35 Commercial Street in June 2021 with HPD, HDC and Wells Fargo Community Development Corporation.

Read about how they did it here.

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