Momentum is building along the Williamsburg-Greenpoint waterfront. Since the Bloomberg administration’s sweeping 2003 rezoning of the two-mile stretch of East River shoreline, nearly every buildable river-facing plot has been accounted for by developers. More than a dozen master plans are in the works, dominated by residential uses that scale upward to 50 stories and 600-foot heights.
One remaining mystery lot is a block-long parcel in Greenpoint currently holding a two-story warehouse at 161-167 West Street (aka 53 Huron Street). The 65,000-square-foot site lies near the India Street ferry stop and is sandwiched between three development sites: Park Tower Group’s ten-tower Greenpoint Landing master plan and Mack Real Estate Group/Palin Enterprises’ 10 Huron Street (155 West Street), and The Gibraltar at 160 West Street.
Designed by Young Kim, Tan Architect / Atlantis Arts Studio
Two renderings, courtesy of Atlantis Arts Studio depict a glassy pair of residential towers sitting atop the existing utilitarian structure. The illustration also shows the rebuilding of the Huron Street pier which can be reconstructed to its 1988 size of 12,500 square feet. Imaginary structures surround the project in the renderings, such as a large park to the south, which will be the site of the 39-story 155 West Street and a large two-story warehouse building to the north, which will be part of Greenpoint Landing.
Full-block Huron Street site shown in red. Faint dashed line depicts original East River shoreline. 1916 land map courtesy of Historical Map Works
City records show the property is owned by the international private investment company Quadrum Global, who are also involved in two nearby Long Island City developments. The Real Deal reported in August that the British-based firm shelled out $45.5 million for the parcel last summer, and their director told the new outlet that the lot has 430,000 square feet of buildable space if they opt into the city/state’s inclusionary housing program.
It’s no secret that Brooklyn is experiencing an unprecedented housing boom. A recent CityRealty report predicts that northern Brooklyn is slated to receive more than 22,000 apartments by 2020. Forbes also reported that Brooklyn is building the most apartments in the country, with 6,073 units set to come online this year. Greenpoint’s median rental price stands at $2,887 per square foot and a median condo listing price of $753,000 or $1,050 per square foot.
Image courtesy of CityRealty
For future listings at 53 Huron Street/167 West Street, visit CityRealty.
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Neighborhoods : Greenpoint