The Real Deal New York

AECOM proposes massive resi project in Red Hook

The plan calls for as many as 45,000 apartments
September 12, 2016 05:30PM

Rendering of Red Hook waterfront redevelopment (credit: AECOM)

Rendering of Red Hook waterfront redevelopment (credit: AECOM)

Construction giant AECOM has proposed a plan to turn the Red Hook waterfront into a residential neighborhood roughly the size of Battery Park City.

The plan includes building as many as 45,000 apartments across more than a dozen towers, Crain’s reported. Part of the project would be situated on the Port Authority of New York and New Jersey’s Red Hook Container Terminal, as well as city-owned property along Columbia Street. Roughly a quarter of the apartments would be set aside for affordable housing.

The plans also include extending the No.1 train from lower Manhattan to Brooklyn through a new tunnel under the harbor and creating three new subway stations.

AECOM’s vision, however, is merely hypothetical, and will be presented at a panel hosted by the New York University Rudin Center for Transportation on Tuesday. The firm has three possible scenarios for the project, only one of which would pay for a majority of the subway upgrades. That version of the plan would require a 45-million-square-foot project, which would generate $130 million in revenue for the city. [Crain’s] — Kathryn Brenzel