The idyllic, formerly industrial neighborhood that is Greenpoint has staved off the kind of development experienced by its southern neighbor, Williamsburg—until recently, anyway. Its proximity to the putrid Newtown Creek and the fact that it’s not really connected by any major subway line (sorry, G train riders) held developers off for a while, but in the past few years, a spate of new projects have risen throughout the neighborhood. What was once a quiet immigrant enclave is now in the midst of a transformation into what’s sure to be one of the city’s most expensive neighborhoods.
These changes are the byproduct of the 2005 rezoning of the Williamsburg and Greenpoint waterfront, which allowed for the creation of the Domino megaproject, along with other major developments. Things have been picking up steam at Greenpoint Landing, the neighborhood’s own megaproject; its three affordable rentals opened in the last two years, and its first market-rate building will debut this summer. Both the Chetrit Group and Halcyon Management are working on multi-building projects that will crowd the skyline, not to mention The Greenpoint, the neighborhood’s first skyscraper.
To track these changes, we’ve mapped 19 projects that are in various stages of development in the neighborhood. Think we missed something? Be sure to let us know in the comments.Read More