A new series of preliminary renderings have been revealed for Monitor Point, a proposed three-tower residential complex at 40–56 Quay Street along the southern border of Greenpoint, Brooklyn. Designed by FXCollaborative and developed by Gotham Organization, the structures are planned to stand 600, 450, and 230 feet tall and yield a total of 1,150 rental apartments, with 288 dedicated to affordable housing. The project would also include ground-floor retail space, a home for the Greenpoint Monitor Museum, and new waterfront esplanade. The property is bounded by Quay Street to the north, Franklin Street to the east, and the Bushwick Inlet to the south and west.
The above main rendering looks north at the two tallest towers, showing cohesive façades of floor-to-ceiling glass and staggered grids of green-hued paneling with rounded corners. Numerous setbacks are scattered across the height of both buildings and topped with large-scale landscaping. The towers culminate in bulkheads featuring curved edges, matching the aesthetics of the building forms below.
A more zoomed out view can be seen below. The two structures would be spaced 40 feet apart and stand 56 and 41 stories.
The following diagram shows the arrangement of the three buildings. The tallest two towers will rise from a shared podium, while the third 21-story structure will stand 108 feet to the east at 56 Quay Street. New waterfront space is highlighted in green within the dashed borderline.
The additional renderings below preview the waterfront esplanade designed by SCAPE that will provide views of the Manhattan skyline across the East River. Work has already begun on the transformation of the Bushwick Inlet, as reported by YIMBY in July 2024. Part of this shoreline is located within the site boundaries of 40 Quay Street and partially opened this past summer. The public space will be raised several feet above the water in order to better protect against costal flooding and storm surges.
A facility housing MTA’s Division of Station Operations occupies the majority of the development site, along with two low-rise commercial structures at 7-23 Franklin Street. The project will utilize a 99-year land lease from the MTA, with proceeds generating revenue for its capital program.
The 288 affordable housing units will be reserved for individuals earning around 60 percent of the area median income (AMI), or $87,480 per year for a family of three. At 60-percent affordability, a two-bedroom unit is estimated to cost roughly $2,187 per month.
The nearest subway from the development site is the G train at the Nassau Avenue station at the intersection of Nassau and Manhattan Avenues.
Monitor Point is slated to undergo the Uniform Land Use Review Process in the coming weeks, and is expected to be certified before the end of this year. The MTA facility is planned to be relocated to another site in Williamsburg.
Subscribe to YIMBY’s daily e-mail
![]()
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews















Looks good, makes sense for this area, and will help with MTA funding.
You mean help provide more money to the MTA to fill their pockets?
Looks good.The existing shore line cannot remain because of constant flooding and erosion.Also we need to extend and connect the pedestrian promenade allowing access.This is currently a truck washing facility which makes no sense being on the waterfront.We also need more affordable housing.
Let’s approve it!!!
Looks like a fantastic project-take away the existing blight
This is a great project! Excited to see it will generate MTA revenue.
Fantastic design, fantastic development.
Well done MTA, Gotham, and CM Restler for getting this across the line.
Amazing opportunity for both the Greenpoint and Williamsburg neighborhoods. Fantastic design development with new waterfront open spaces instead of the warehouse!
This looks wonderful and I’ve the different design for the facade than just a blank glass wall.
Terrific!!
Uh, oh. “Preliminary renderings”.
Wonderful news!
Hopefully, they’ll look this good when built.
Tastefully done! I really like this project
Not good, diminishes/weakens a Public Park which was promised funding 15+ years ago (Bushwick Inlet Park, nyc).. the above comments are Very Friendly to the Project/Developer.. One must wonder why
How so? This site was never planned to be part of Bushwick Inlet Park, and the community was also promised a lot more housing along the waterfront 15+ years ago, much of which also has failed to be fully delivered.
“Just because you’re paranoid doesn’t mean they’re not out to get you” (Joseph Heller)
Absolutely hideous, and totally out of scale anywhere outside Midtown Manhattan.
An “esplanade” is not a park. We need more trees and grass.
I am in full agreement with the project it builds up the waterfront area, you get a new park for the community and a center.
Maybe the MTA can use the capital funds to increase service on the G. With all this new density along the waterfront, transit options are going to need to catch up.
Kidding right? This will go into their front and back pockets.
This is where the Civil War naval vessel Monitor was built.
25% for affordable housing is hardly a win. How can we increase the percentage of affordable units required for tax breaks in these new buildings? It should be over 60% at a minimum. 75% would be better.