Park Tower Group Plans More for Greenpoint Landing

Greenpoint Landing seems to be expanding.

Park Tower Group filed plans for three additional buildings in the Brooklyn community, the Commercial Observer reported. The three parcels are within the 22-acre riverfront development in Greenpoint.

The listed owner in all three building applications was Park Tower Group chief operating officer Anne Carson Blair. The building filings were first reported by PincusCo.

The largest of the three filings was at 21 Freeman Street. Gary Handel of Handel Architects submitted a plan for a 40-story, 400,000-square-foot building with 503 residential units. Handel also filed plans for a 30-story, 220,000-square-foot building with 298 units at 37 Freeman Street and for a nine-story, 172,000-square-foot building with 224 units at 209 West Street.

Combined, the properties comprise 1,025 additional housing units for Greenpoint Landing across nearly 800,000 square feet. Park Tower declined to comment to the Observer.

The 11-building, 5,500-unit master-planned Greenpoint Landing — situated near where the East River meets Newton Creek — has been in the works for decades; the first phase of construction commenced in 2014. The project includes 1,400 affordable housing units and five acres of open space for the public.

The most recent addition to Greenpoint Landing came at 16 Dupont Street, a 41-story tower developed alongside Rockefeller Group that opened last year. The partners secured a $200 million construction loan from Japan-based Sumitomo Mitsui Trust Bank to finance the project in 2022.

Brookfield Properties is also a partner on numerous buildings within Greenpoint Landing. Most of the residential properties in Greenpoint Landing are rentals, though condominiums are becoming increasingly attractive in the Brooklyn neighborhood.

Elsewhere in Greenpoint, logistics company Prologis started the year by acquiring the 10-acre site at 440 Kingsland Avenue from ExxonMobil for $122 million. A logistics facility or vehicle storage hub are among the possibilities raised for the parcel.

— Holden Walter-Warner