Earlier this year, the city paid $53 million to acquire the property at 1 North 12th Street, located between North 12th and 14th streets along Kent Avenue on the border of Greenpoint and Williamsburg, with plans to convert the site into public park space. The city has now agreed to pay $160 million for the 11-acre CitiStorage site, located between North 10th and 12th streets at 5 North 11th Street, Crain’s reported.
That means the entire vision of Bushwick Inlet Park will be realized. A construction timeline hasn’t been disclosed, but the CitiStorage warehouses will eventually be demolished, in addition to the storage tanks and warehouses on the site to the north. Part of Bushwick Inlet Park, between North 9th and 10th streets, has already been built.
Bushwick Inlet Park, with 25 Kent Avenue behind it. Credit: 25 Kent/Steelblue
It’s worth noting that the Greenpoint Monitor Museum has plans to build the USS Monitor Park, to be located along Bushwick Inlet’s northern shore. In addition, East River State Park is located between North 7th and 9th streets.
Pre-demolition 5 North 11th Street. Image via Google Maps.
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Not too much for city to acquire CitiStorage site, but location is very close with conversion.
Parks are great and all, but couldn’t the city have found a better way to spend $160 million?? This park won’t help the thousands of homeless people, improve infrastructure, or any of the other much needed things in this city.
Oh shut up.
Parks and greenspace is something that every community needs and now that the city has acquired it we’ll have it for the rest of time. Also, 160 million is pocket change for a city as large as NYC. Did you know the MTA spends nearly a billion every year driving disabled people between subways stations because they’re not ADA compliant?
After all, the homeless sleep in city parks …
This is a long-awaited and deserving gift to all residents of Williamsburg, old and new. This park was ordered in the Bloomberg deal to re-zone the area to add 1000s of apartments in the wake of 9/11 and the exodus from downtown. Williamsburg real estate has rocketed since that time largely due to the demand by New Yorkers wanting to live there. The money for this park was ear-marked by the city 15 years ago and I am glad the city is living up to its promise and will deliver the Bushwick Inlet park to the people of Williamsburg and Greenpoint.