Another tower will join the gang of new developments rising on the Williamsburg-Greenpoint waterfront. RedSky Capitalalso behind the future redevelopment of Bedford Avenue bar Spike Hill into retailhas signed on with JZ Capital Partners to develop a 40-story tower on a lot bounded by India, West, and Java streets, the Journal reports. The tower will have both market rate and affordable housing, as well as 100,000-square-feet of retail. No word yet on how many apartments the tower will haveit won't rise for at least another two years; the duration of the lease on the site's existing industrial warehousebut a tower that will rise on the north side of India Street at 145 West Street will rival it in size at 39-stories and 600 apartments.
RedSky and JZ Capital's development includes 20,000-square-feet of the existing India Street Pier, which RedSky built in anticipation of the large development. It's being used as an East River Ferry stop in the neighborhood with less-than-ideal transportation options. (Sorry we're not sorry, G train.)
· Plan for Tower in Brooklyn's Greenpoint Waterfront Inches Forward [WSJ]
· Mapping Hundreds of Greenpoint Apartments Now On the Rise [Curbed]
· All Greenpoint coverage [Curbed]