The City Council’s Zoning and Franchises and Committee on Land Use approved the Monitor Point project, which will bring over 1,300 apartment units to Greenpoint.
A City Council subcommittee on Thursday voted to approve the Monitor Point rezoning in Brooklyn, paving the way for two large buildings to be constructed on and near the Greenpoint waterfront.
The council’s Subcommittee on Zoning and Franchises and Committee on Land Use approved the development, which will bring over 1,300 apartment units to the area. City Council officials said they passed the rezoning for the development after they secured nearly triple the number of affordable housing units to be part of the two buildings.
Highlights of the Monitor Point rezoning include:
Approximately 1,324 total units, of which 662 (50%) are affordable, including:
329 deeply affordable units at 40% to 60% of the Area Median Income
172 affordable moderate-income units at 80% to 125% of AMI
161 units deeply affordable senior housing units at 30% to 50% of AMI
This 50% affordable units will be delivered across two buildings: a mixed-income building with 958 units, 296 of which will be affordable, and a 100% affordable, 366-unit building financed by the NYC Department of Housing Preservation and Development.
A new home for the Greenpoint Monitor Museum and funding to facilitate its construction
The relocation of two MTA facilities away from residential communities and into industrial zones.
$300,000 annually for the long-term maintenance of Bushwick Inlet Park
Over 1 acre of new waterfront open space, completing the connection between the Greenpoint waterfront and Bushwick Inlet Park
Conceptual drawing of Monitor Point in Greenpoint. . Photo: Supplied/Monitorpoint.com
“Our city is in the midst of a historic affordability crisis, and this project will help address the urgent shortage of affordable homes in Greenpoint,” said Council Member Lincoln Restler. “Any development on publicly-owned land must be primarily for the public good. Monitor Point will add desperately needed deeply affordable housing to our community, providing some of our most vulnerable neighbors with stable, dignified homes, while improving critical public infrastructure and expanding public green space.”
The full City Council vote will take place next week.