Greenpoint 22-Story Tower Brings 374 Affordable Apartments 

Greenpoint Landing Associates, an affiliate of Park Tower Group, celebrated the opening of 35 Commercial Street, a 22-story brick tower in Greenpoint. The development offers 374 permanently affordable apartments, with 57 units designated for formerly homeless individuals. The project includes assistance with unit furnishing and ongoing social services provided by Breaking Ground. 

Greenpoint Landing is a 22-acre site along the East River waterfront, planned and developed by Park Tower Group. The site is designated for residential use and will include an estimated 5,500 residential units, including affordable housing, and five acres of public open space. 35 Commercial Street features 374 income-targeted residences, with rents starting at just over $400 per month for studios at the 30 percent area median income level. 

“This project delivers everything New Yorkers deserve as we work together to tackle our city’s housing crises: high quality amenities, beautiful design, deep affordability, access to great neighborhood amenities, and services through a thoughtful partnership with Breaking Ground,” said Leila Bozorg, executive director for Housing.

On April 18, join multihousing’s leaders and dealmakers when they explore the most important topics facing the Phoenix and Scottsdale markets today. Register to attend and hear expert insights first-hand, network with the best in the industry, and sit in on discussions you won’t hear anywhere else. Connect Phoenix Multifamily & Single-Family Build-to-Rent on April 18 at the Westin Kierland Resort & Spa.