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Deals & Dealmakers

Re-zoned Greepoint Landing coming to life as Brookfield, Park Tower open first building

Brookfield Properties and Park Tower Group announced the first tower at Greenpoint Landing, One Blue Slip, has launched leasing.

One Blue Slip is the first of four development sites Brookfield is developing in a joint venture with Park Tower Group at Greenpoint Landing. The second building is expected to open next year.

Simultaneously with the opening of One Blue Slip, 1.5 acres of adjacent sustainable public open space designed by James Corner Field Operations has opened, unlocking this stretch of Greenpoint waterfront to the local community for the first time in generations.

“One Blue Slip brings top-tier architecture and interior design inspired by the neighborhood’s history, amenities, and incredible views to Greenpoint Landing,” said Ric Clark, Senior Managing Partner and Chairman, Brookfield Property Group and Brookfield Property Partners.

“Together, the opening of One Blue Slip and the first section of Greenpoint Landing’s waterfront esplanade will provide a great new place to live and a world-class destination for the Greenpoint community to enjoy, a major step forward in realizing Park Tower Group’s vision for Greenpoint Landing.”

“With the first tower and waterfront open space launching this month, Greenpoint Landing is coming to life,” said Marian Klein, President of Park Tower Group.

“We’re proud that Greenpoint Landing is part of such a vibrant community and over the next several years we are excited to bring more housing – including affordable housing – storefront local retail, and more resilient public open space to the neighborhood. We look forward to welcoming the community to the first stretch of public waterfront in the coming weeks!”

One Blue Slip reflects was designed by Handel Architects. Amenities include indoor and outdoor lounges, a yoga terrace, gaming room, fitness center, bar with a terrace, a children’s playroom, and co-working space.
Douglas Elliman Development Marketing is overseeing the leasing and marketing efforts for studio, one-bedroom, and two-bedroom units with rents starting at $2,600.

Greenpoint Landing is situated along a half-mile of East River waterfront and is being developed by Park Tower Group.

In 2005, the City of New York designated the site for residential use under the Greenpoint-Williamsburg rezoning.

In its entirety, Greenpoint Landing will include an estimated 5,500 residential units – 1,400 of which are affordable housing – as well as local shops and a pre-k through 8th grade public school. 300 units of affordable housing have already opened at Greenpoint Landing in a joint venture between Park Tower Group and L&M Development Partners.

When fully completed, the waterfront park will encompass four acres of public green space along the waterfront.

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