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

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