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Greenpoint Watch

Construction will soon start on the Newtown Barge Park expansion—the first of two planned parks in Greenpoint that will flank the massive waterfront residential project. On Friday, the city's Economic Development Corp. issued a request for proposals from contractors, with work set to begin in 2015. The nearby Box Street Park will be completed one year later. The Park Tower group—the developer behind the Greenpoint Landing project—contributed $5.5 million to fund the construction of Newtown Barge Park, while the Chetrit Group will help fund construction of the Box Street site buy purchasing air rights for around $8 million. [Crain's; previously]