In December of last year, Greenpoint councilman Steve Levin gave 77 Commercial Street the all-important local thumbs-up, and the rest of City Council followed suit, voting to approve the project. Two towers are planned for the site – one 30 stories, the other 40 – on the condition that the developer set aside 200 of the 700 apartments to let at below-market rates, and include 5,000 square feet of community space.
The development was made possible by the purchase of air rights from the MTA, which, as Brownstoner explained last year, came with some conditions:
The city and the developer will provide $14,000,000 in funding to relocate all of the vehicles currently at the park site, including MTA Access-a-Ride vehicles and Emergency Response Units. And the developer promises 9,500 square feet of open space around the two towers, “as a second fully landscaped walkway to serve as community access from the east” and a path to where Commercial Street dead-ends at the industrial waterfront. There will also be a free shuttle to the 7 and G trains (paid for by the developer), and the MTA will work with the developer to run a bus line along Commercial Street.
Now, preparation of the site for development is underway, as permits were filed in June for the erection of a construction fence and sidewalk shed, and permits requested yesterday for the demolition of the site’s existing two-story structure.
77 Commercial Street, image via Google Maps
Joseph Chetrit and David Bistricer are the developers, and CetraRuddy – who spoke with YIMBY last month about 77 Commercial Street and other projects – is the architect.
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