The Real Deal New York

Brooklyn beep maneuvering to revive stalled site

Adams will OK 695 Grand if city advances Greenpoint Hospital affordable housing plan

October 29, 2014 02:05PM

eric-adams

From left: Eric Adams, 695 Grand Street in Brooklyn and Greenpoint Hospital site

Brooklyn Borough President Eric Adams is pushing for the city’s Department of Housing Preservation and Development to proceed with the development of a long-stalled project on the Greenpoint Hospital site. He said earlier this month he would approve an unrelated 51-unit apartment project at 695 Grand Street on the condition that the city jump-start redevelopment of both of the hospital and the Broadway Triangle urban renewal sites.

St. Nicks Alliance, a local nonprofit, is developing an affordable-housing building on Grand Street, as previously reported.

“How we expeditiously move forward with [Mayor Bill de Blasio’s] affordable-housing agenda is a top question,” Adams told Crain’s. “This is a way of doing so.”

The city picked a developer for the five-acre Greenpoint Hospital site – slated to hold 250 affordable-housing units — from a request for proposals in 2012, but the developer later dropped out. Adams wants the city to go ahead with the developer who took second place. Both the hospital and Broadway Triangle projects were expected to bring about 850 units of affordable housing. [Crain’s]Mark Maurer

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