The New York City Council has approved Monitor Point, a 1,324-home mixed-income complex at 40 and 56 Quay Street on the Greenpoint waterfront, with exactly half of its units set aside as permanently affordable, according to New York YIMBY. Of the 1,324 total homes, 662 will be permanently affordable.
As Bushwick Daily reported last week, Council Member Lincoln Restler had opposed Monitor Point until the Gotham Organization agreed to boost the affordable share to 50 percent. The Council’s approval this week follows that commitment holding.
The project is developed by the Gotham Organization in partnership with the Metropolitan Transportation Authority, the New York City Department of Housing Preservation and Development, and the Greenpoint Monitor Museum. FXCollaborative designed the buildings, which sit on the Bushwick Inlet along the North Brooklyn waterfront.
The project includes more than 52,500 square feet of publicly accessible waterfront open space and a permanent home for the Greenpoint Monitor Museum, a local institution dedicated to the Civil War ironclad warship that was built nearby. It also calls for shoreline restoration, environmental remediation, and climate resiliency improvements along the inlet, according to New York YIMBY.
