The newest megaproject on the Brooklyn waterfront broke ground on its third building this morning, and the developers announced that they will be taking less money from the city than originally planned. Greenpoint Landing will have a total of 10 buildings and 5,500 new apartments, 1,400 of which will be affordable. Originally, the developers, L+M Development and Park Tower Group, would have received $136,000 for each affordable apartment, but the de Blasio administration renegotiated the terms, and they'll now get $68,000 per unit, according to Crain's. Construction began on 5 Blue Slip today, a 103-unit, six-story "deeply affordable" building that will be available to families who earn 30 to 60 percent of the area median income. The first building, 21 Commercial Street, has topped out, while the second, 33 Eagle Street, is starting to rise.
Field Condition recently snapped some photos of the site for Brownstoner.
· City to announce Greenpoint Affordable-Housing Deal that Saves Taxpayer Dollars [Crain's]
· The Mega-Project That Will Transform Greenpoint Is Rising Now on the Waterfront [Brownstoner]
· All Greenpoint Landing coverage [Curbed]