900-Unit Mixed-Use Development Planned for MTA Greenpoint Site
Gotham Organization, in partners with RiseBoro Community Partnership has signed a 99-year ground lease with the Metropolitan Transportation Authority, planning to construct an 840,000-square-foot mixed-use development at 40 Quay Street in Brooklyn’s Greenpoint neighborhood. The new waterfront structure will host 900 mixed-income residential units and more than 100,000 square feet of retail space. The NYCT Mobile Wash Division is currently located on the MTA-owned 2-acre site. The new project dubbed Monitor Point is expected to start the city’s months-long approval process in 2024 with the groundbreaking set to commence at the end of that year.