The Domain Companies and LMXD have entered into a joint venture with Park Tower Group to co-develop the next phase of Greenpoint Landing, a mixed-use project on Brooklyn’s waterfront in Greenpoint. Designed by Handel Architects, the new phase will deliver more than 1,000 rental units, including 300 affordable apartments, across three residential towers located at 21 Freeman Street, 37 Freeman Street, and 209 West Street. The development will also feature more than 20,000 square feet of retail space and an extension of the waterfront public park adjacent to the Greenpoint ferry stop.
21 Freeman Street will rise 40 stories with 503 residential units, 37 Freeman Street will stand 30 stories tall and contain approximately 298 units, and the nine-story structure at 209 West Street will yield around 224 units. Together, the three buildings will add to the 22-acre Greenpoint Landing master plan, which has already delivered nearly 3,000 apartments and several acres of public open space along the East River.
37 Freeman Street, via Google Maps
Greenpoint Landing phase two secured an $81 million senior land loan from Bank OZK and approximately $33 million in mezzanine financing from InterVest Capital Partners, which also provided structured equity for acquisition and pre-development. Financing was arranged by JLL Capital Markets, and the joint venture was represented by Hunton Andrews Kurth. Construction is expected to begin in summer 2026.
“We are excited to partner once again with Domain and Park Tower to transform this incredible waterfront site,” said David Dishy, CEO of LMXD.”Having built the first affordable buildings of Greenpoint Landing with Park Tower Group more than a decade ago, it is especially rewarding to see how inviting and vibrant this whole waterfront community has become and to see it emerge as one of the city’s most sought-after neighborhoods.”
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I’m so grateful to have more luxury housing! And giving the best waterfront views to those with the most money… they don’t have to have jobs, just massive wealth. Family wealth. Financial market wealth. Just… wonderful wonderful wealth! The poorest can still walk around there and shop till they drop with their high interest credit cards – OR – clean the TOILETS of the richest. And peek out the windows – during their break. It’s win win, people.
Some people actually work several jobs their whole lives to accumulate wealth. They forgo coffee out – lunch out- dine out – They don’t vacation or have “experiences”. They just save save save – so don’t scold those people! At least we are allowed to work hard and try to be prosperous. Rich people give me inspiration not bitterness!