City Council greenlights Greenpoint Landing

And Community Board 1 approves Two Trees' Domino Sugar Factory conversion

New York /
Dec.December 11, 2013 01:45 PM

Bloomberg-era development projects are moving right along, with Two Trees Management’s Domino Sugar proposal getting the thumbs up from Community Board 1 and City Council passing Greenpoint Landing Associate’s controversial 10-tower Greenpoint Landing plan.

CB 1, in its advisory vote, recommended a few changes to the Domino plan, such as adding more three-bedrooms to the affordable units and designing more offerings for residents making 30 percent of the area’s median income. The board also asked that Two Trees give preference to area businesses when doling out the retail space.

“After more than a year of outreach and collaboration with local leaders, the community board vote makes it clear that neighborhood residents strongly prefer our new vision for Domino to the existing zoning,” Two Trees’ Director of Special Projects David Lombino told Brownstoner.

Two Trees will also be working to guarantee 660 units of “integrated affordable housing” and other community demands throughout the public approval process, he said.

The City Council similarly pressed for promises from Greenpoint Landing developers, upon which the latter promised to provide a site for an elementary school and to operate a free shuttle between the complex and public transportation. An additional 431 permanently affordable units were also part of the deal, available to families earning from 40 to 120 percent of the area’s median income. Greenpoint Landing Associates will also donate a total of $5.5 million to expand Newtown Barge Park.

The community board had previously voted down the Greenpoint Landing proposal, citing a need for more affordable and senior housing. [Brownstoner]Julie Strickland


Related Articles

arrow_forward_ios
Rockefeller Group’s Daniel Moore and  Park Tower Group’s Marian Klein with 16 Dupont Street (Green Pearl, Rockefeller Group)
Rockefeller, Park Tower land $200M to build at Greenpoint Landing
Rockefeller, Park Tower land $200M to build at Greenpoint Landing
From left: Vorea Group’s Peter Papamichael, Turnbridge Equities’ Andrew Joblon and Chetrit Group’s Joseph Chetrit
Ranking New York’s most active developers
Ranking New York’s most active developers
Two Trees Management's Jed Walentas and 50 West 23rd Street (Walentas/via Marc Skrivo, Google Maps, iStock)
Trustpilot takes 34k sf at Two Trees’ Midtown South building
Trustpilot takes 34k sf at Two Trees’ Midtown South building
Brian Kingston, managing partner & CEO, Brookfield's Real Estate Group and Brookfield Property Partners, in front of Two Blue Slip in Greenpoint (Brookfield Property Partners, Two Blue Slip, iStock)
Brookfield scores $330M refi at Greenpoint Landing
Brookfield scores $330M refi at Greenpoint Landing
Jed Walentas and renderings of the proposed project (River Ring, Getty)
Council strikes deal on Two Trees’ River Ring in Williamsburg
Council strikes deal on Two Trees’ River Ring in Williamsburg
Rockefeller Group's Daniel Moore, Park Tower Group's Marian Klein and 16 Dupont Street in Greenpoint (Google Maps, Rockefeller Group, Greenpearl)
Rockefeller Group jumps into Greenpoint Landing project
Rockefeller Group jumps into Greenpoint Landing project
A rendering of River Ring and Two Trees' Development Principal Jed Walentas (River Ring, Marc Skrivo)
Two Trees’ massive project eyes “mad dash” to approval
Two Trees’ massive project eyes “mad dash” to approval
Rendering of 227 West Street with Brookfield's Brian Kingston and Blackstone's Katie Keenan (OMA, Brookfield, Blackstone)
Brookfield lands $500M for next Greenpoint Landing development
Brookfield lands $500M for next Greenpoint Landing development
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...