Rendering of Greenpoint Landing at 77 Commercial Street
Manhattan-based developers Park Tower Group and Chetrit Group applied to the Department of Buildings to begin constructing the controversial but recently approved Greenpoint Landing mega-complex near Newtown Creek.
The new 85,033-square-foot development at 21 Commercial Street, previously reported as 77 Commercial Street, would house 93 apartments and ground-floor commercial space.
To be designed by Handel Architects, the structure would be one of several going up on a 22-acre tract of Greenpoint waterfront, including 10 30- to 40-story towers boasting at least 5,500 apartments. More than 400 apartments would be designated “permanently affordable,” Brownstoner reported. That’s fewer affordable units than the 1,400 originally proposed.
Park Tower would also build a 640-seat public school at Franklin and DuPont streets and 1.4 acres of park land, as The Real Deal previously reported.
The developers purchased the property for $25 million in the spring of 2012, according to city records. The project was not financed as of spring of last year, however, and records show no new loans have been taken out for the property. [Brownstoner] – Angela Hunt