{"id":299321,"date":"2026-07-18T07:17:47","date_gmt":"2026-07-18T07:17:47","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/299321\/"},"modified":"2026-07-18T07:17:47","modified_gmt":"2026-07-18T07:17:47","slug":"city-council-approves-gothams-monitor-point-development","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/299321\/","title":{"rendered":"City Council Approves Gotham\u2019s Monitor Point Development"},"content":{"rendered":"

It\u2019s a done deal for the Gotham Organization \u2014 with a final approval of its controversial Monitor Point in Brooklyn won after the inclusion of more than 600 affordable homes.<\/p>\n

The City Council gave its final go-ahead Thursday for the locally based developer to construct two towers with 1,324 apartments at 40-56 Quay Street, in Greenpoint, Crain\u2019s New York reported<\/a>. It will replace a truck wash station on 2 acres owned by the Metropolitan Transportation Authority.\u00a0<\/p>\n

The greenlight came three weeks after Council member Lincoln Restler cut an 11th-hour deal<\/a> with Gotham to make half of the units affordable, boosting the number of affordable units to 662, from 248 units.\u00a0<\/p>\n

The deal included 161 affordable apartments for seniors and 110 supportive units for formerly homeless residents. Half of the affordable units will be set aside for residents earning between 30 percent and 60 percent of area median income.\u00a0<\/p>\n

\u201cOur goal on these projects isn\u2019t to make everybody happy \u2014 that\u2019s impossible,\u201d Restler said before Thursday\u2019s vote. \u201cIt\u2019s to strike a deal that we think will benefit our community for generations to come.\u201d<\/p>\n

Plans for Monitor Point include three high-rises with shops and restaurants near Bushwick Inlet Park. Two glass towers at 40 Quay will rise 450 and 600 feet. Another tower at 56 Quay would rise 230 feet, according to the Brooklyn Paper<\/a>. It will include 50,000 square feet of public waterfront.<\/p>\n

A cost and timeline for development were not disclosed.<\/p>\n

As part of the deal, Restler secured a commitment from Mayor Zohran Mamdani to complete Bushwick Inlet Park, a longstanding demand of Greenpoint residents. He credited City Council Speaker Julie Menin and the Mamdani administration for helping broker the agreement.<\/p>\n

The deal also requires that Gotham provide $300,000 a year to maintain the future Bushwick Inlet Park, build two public bathrooms and help fund accessibility improvements at the Nassau Avenue G train station.<\/p>\n

The Mamdani administration has backed the project as part of the mayor\u2019s broader push to build more affordable housing.\u00a0<\/p>\n

The project had drawn opposition from some Greenpoint residents who said it was too large and didn\u2019t include enough affordable housing or public benefits.<\/p>\n

\u00a0\u2013 Dana Bartholomew<\/p>\n

\tRead more
\n\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"Council\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

City Council greenlights Gotham\u2019s controversial Monitor Point<\/p>\n

\t\t\t<\/a>
\n\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"Mayor\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

As Mamdani\u2019s housing agenda gains steam, landlord collision course awaits<\/p>\n

\t\t\t<\/a>
\n\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"Apex\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Why this Brooklyn project is nowhere to be seen<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"It\u2019s a done deal for the Gotham Organization \u2014 with a final approval of its controversial Monitor Point…\n","protected":false},"author":2,"featured_media":299322,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[98,100,99,113767,9,24,63],"class_list":["post-299321","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brooklyn","tag-brooklyn","tag-brooklyn-headlines","tag-brooklyn-news","tag-gotham-monitor-point-city-council","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/299321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=299321"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/299321\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/299322"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=299321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=299321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=299321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}