The proposed two-skyscraper development River Ring, designed by Bjarke Ingels Group and developed by Two Trees Management, is closer to fruition after Community Board 1 approval. The 3.5-acre project would bring 1,050 homes with 263 affordable housing units, a six-acre circular waterfront park designed by James Corner Field Operations, a YMCA community facility, 2,000 construction jobs, and more than 500 permanent jobs to the Brooklyn waterfront in Williamsburg.
As reported by Bisnow, the board voted 20-15 Tuesday to support River Ring, with the condition of increasing the affordable housing component from 25 to 50 percent.
River Ring is proposed for a pair of vacant rectangular parcels bound by North First Street, North Third Street, and River Street. The waterfront park consists of three acres of public open space and three acres of protected in-river access, as well as the creation of two new beaches. The design of the waterfront park would protect the complex and other inland properties from future storm surges, reducing the possibility of flooding.
Next in the Uniform Land Use Review Procedure process, the proposal will go to Eric Adams, the Brooklyn borough president and then the city’s Planning Commission. The borough president will hold a public meeting later in September to allow for community feedback. River Ring is estimated to be completed by 2030.