Sprawling Greenpoint project’s future hinges on one politician

New York /
Dec.December 16, 2013 04:00 PM

The fate of a proposal to construct two high-rise towers at 77 Commercial Street in Greenpoint now sits largely in City Council member Stephen Levin’s hands.

The politician must decide by Thursday — the date for the council’s last session of the year — whether to allow one 30-story and one 40-story tower on the site, instead of two 15-story buildings as the current zoning allows. The council previously postponed the final vote, and is expected to go along with what Levin, who represents the area, decides.

Along with getting the City Council’s approval, developers Joseph Chetrit and David Bistricer would have to purchase development rights from a neighboring site owned by the Metropolitan Transportation Authority for around $8.2 million.

For advocates of the project, the development offers up 200 much-needed units of affordable housing and money for a long-awaited park. But for detractors, Levin holds a rare opportunity to slow the pace of development along the North Brooklyn waterfront.

“There are developers poised to develop all along the waterfront, and a lot of them are watching,” Michael Brown, a local community organizer, told the Wall Street Journal. “We have to make a stand, and we have to say that if you are going to delude and destroy our culture and change the character, you’re not going to do it without a fight.”

Chetrit and Bistricer have also come under fire for proposing a “poor door,” or a separate entrance for affordable housing residents, at the Greenpoint site. [WSJ]Julie Strickland


Related Articles

arrow_forward_ios
Joseph Chetrit and 260 East 72nd Street (Getty Images, Google Maps)
Chetrit plans Upper East Side condo development
Chetrit plans Upper East Side condo development
From left: Councilmember Christopher Marte, Gary Barnett, JDS Development’s Michael Stern, Joseph Chetrit and a rendering of Two Bridges (Getty)
Another lawsuit looks to stop Two Bridges developments
Another lawsuit looks to stop Two Bridges developments
The Chetrit Group's Joseph Chetrit and Park West Village on the Upper West Side (Getty Images, Google Maps)
Chetrit, Stellar land $365M refi for UWS luxury apartment complex
Chetrit, Stellar land $365M refi for UWS luxury apartment complex
Joe Chetrit with Empire Hotel (Empire Hotel)
Chetrit secures lifeline at Empire Hotel
Chetrit secures lifeline at Empire Hotel
Joseph Chetrit: The man from Morocco
Joseph Chetrit: The man from Morocco
Joseph Chetrit: The man from Morocco
Joseph Chetrit in front of 260 South Street (Chetrit Group, CityRealty, iStock)
Chetrit seals the deal on Two Bridges site
Chetrit seals the deal on Two Bridges site
Joe Chetrit and a rendering of the Two Bridges project (SHoP Architects)
Joe Chetrit buying Two Bridges site
Joe Chetrit buying Two Bridges site
Council member Stephen Levin (iStock, New York City Council)
Landlords sound alarm on commercial rent regulation bill
Landlords sound alarm on commercial rent regulation bill
arrow_forward_ios

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

Loading...