Last month, news broke that the city, with selected developers RAL Development and Oliver Realty Group and architect ODA New York, would be moving forward with a two-building residential project at Brooklyn Bridge Park’s Pier 6, in southern Brooklyn Heights, without the support of the Empire State Development Corporation (ESD). Yesterday, the Brooklyn Bridge Park Corporation voted to approve the updated project, Curbed NY reports. The latest plans call for a 28-story, 126-unit market-rate condominium tower and a 12-story, 140-unit mixed-income rental building, where 100 of the rental apartments will rent at below-market rates, according to the Wall Street Journal. One of the buildings will feature a public restroom, but there’s no mention of any commercial components. Construction is expected to begin in the first half of 2017. As part of the deal, the city will receive a one-time payment of $115 million followed by $2.7 million per year.
Pier 6 Development
In March, the Empire State Development Corporation (ESD) withheld approval for the two-tower, mixed-income residential project at Pier 6 in Brooklyn Bridge Park, located in southern Brooklyn Heights. The city selected RAL Development and Oliver Realty Group, with ODA New York as the architect, to develop a 29-story, 192-unit condominium building and a 14-story, 147-unit mixed-use rental building with 117 below-market-rate apartments, a preschool, a 930-square-foot retail component, and 1,500-square-foot community facility. Now, the ESD is withdrawing from the project, entirely over concerns regarding ties between the developers and the administration of Mayor Bill de Blasio, Politico New York reports.
The Brooklyn Bridge Park’s proposed Pier 6 towers, in Brooklyn Heights, are moving forward after NIMBY actions temporarily stalled the project. The 31- and 15-story buildings, to contain 130 affordable residential units, will be reviewed by Empire State Development, and a development team will be chosen from 14 unique proposals, according to The Wall Street Journal.
Astoria Cove Development [DNAinfo NY]: In an effort to appease local leaders, Astoria Cove’s developers have increased the number of affordable apartments within the 1,700-unit mixed-use project, with the figure rising from 295 to 345. The project is required to “undergo the city’s…