Real Estate

Greenpoint Landing To Get 2 More Towers: Reports

Developers announced they'll spend about $1 billion to build two towers on the Greenpoint waterfront.

GREENPOINT, BROOKLYN — Two billion-dollar towers are about to go up on the coast of Greenpoint, according to reports.

Developers plan to add two towers, and 1,240 apartments, to Greenpoint Landing, the the massive housing complex going up on Commercial Street, according to Curbed New York.

Brookfield Properties and Park Tower Group — the developers behind the project — said the towers will cost about $1 billion but did not immediately specify where on the 22-acre site they will be built, TheRealDeal reported.

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The two towers will join three affordably-priced rental towers that have already gone up and two market-rate apartment complexes currently being developed on the half-mile stretch of land along the East River.

Brookfield’s chairman Ric Clark told TheRealDeal that once Greenpoint Landing is completed, it will be home shops, a school, a waterfront esplanade and about 5,500 apartments, 1,400 of which will be designated "affordable housing."

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Photo courtesy of GoogleMaps/Sept. 2017

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