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Monitor Point clears City Council committees with 662 affordable homes in Greenpoint

City Council committees unanimously approved Monitor Point, a Greenpoint waterfront project with 1,324 apartments, half of which are permanently affordable.

Monitor Point clears City Council committees with 662 affordable homes in Greenpoint
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A long-fought Greenpoint high-rise on the waterfront cleared a major hurdle Thursday. On June 25, the City Council’s zoning subcommittee and its Land Use Committee both voted unanimously to approve Monitor Point, the three-tower development planned for an MTA-owned lot at 40 Quay Street, just north of Bushwick Inlet Park. The vote came after developer The Gotham Organization agreed, in last-minute negotiations, to nearly double the amount of affordable housing in the project.

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