The Real Deal New York

Greenpoint warehouse to turn into cubed resi development

Cayuga Capital Management decides not to demolish existing structure at 79 Quay Street
August 20, 2014 09:00AM

This is one Brooklyn warehouse that will not be demolished.

At 79 Quay Street in Brooklyn — about a block from the Greenpoint waterfront — Cayuga Capital Management is planning a new, 60,000-square-foot residential building.

Cayuga decided not to demolish the existing structure on the site, but will instead build townhouses formed from the warehouse. Behind it, the developer plans to build a new apartment block. That block will be six stories tall and feature a cube design.

The developer bought the building for $3.8 million in 2013.

Cycle Cities, a Gowanus-based firm, is slated to design the building.

Cycle Cities is also designing Cayuga Capital’s 100,000-square-foot project at 87 Wythe Avenue. That building will feature a similar look. [YIMBY NY] — Claire Moses