The Real Deal New York

Brooklyn Bridge Park Corp. requests proposals for John Street residence

December 17, 2012 01:00PM

Brooklyn Bridge Park Corporation Has Put Out An Rfp For A Residential Building On John Street, Curbed reported. The group was waiting to issue the RFP until the real estate market improved.

The residential building will have up to 130 units over 101,000-square-feet, and will rise up to 130 feet tall. The site allows for retail on the ground floor and up to 110 parking spaces. The proposals must include green elements and incorporate flood-protection measures. Revenue generated by the building will be put towards park maintenance.

According to Curbed, the building will rise on a 9,600-square-foot site that’s within a vacant 147,460-square-foot lot near the Manhattan Bridge. Brooklyn Bridge Park occupies the rest of the site, and it will have a 13,000-square-foot lawn and a tidal salt marsh. Construction on the new park section will begin immediately once the site is acquired from ConEd, which currently owns the lot. Construction on the building is expected to take one year once it begins.

Brooklyn Bridge Park has recently attracted many more retailers, which in turn is boosting property values, as previously reported. [Curbed]  –Hayley Kaplan