Brookfield Properties

Bankside Park opens, giving Mott Haven residents waterfront access for the first time in a century

Photos courtesy of Jakob Dahlin

June 14, 2024

Bankside Park opens, giving Mott Haven residents waterfront access for the first time in a century

A new public waterfront park officially opened at the sprawling Bankside development in the South Bronx. Brookfield Properties on Thursday cut the ribbon on Bankside Park, a green space and esplanade designed by landscape architects MPFP that stretches over an acre along the Harlem River. Located on a former brownfield site, the new park provides Mott Haven residents direct access to the waterfront for the first time in over a century. Bankside Park is a key component of the 4.3-acre Bankside, a $950 million seven-tower, mixed-use development.
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A 100% affordable rental opens in Greenpoint

Photos courtesy of Lester Ali

April 4, 2024

A 100% affordable rental opens in Greenpoint

By Aaron Ginsburg

A fully affordable apartment building officially opened in Greenpoint this week, bringing income-restricted homes to one of Brooklyn's most expensive neighborhoods. City officials on Wednesday cut the ribbon at 35 Commercial Street, a 22-story tower with 374 affordable apartments, including 57 units for formerly homeless New Yorkers. The building is the 11th completed building in Greenpoint Landing, a 22-acre development with 5,500 new homes and five acres of public open space.
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Affordable Housing

Major mixed-use development Manhattan West is officially complete

Photo © Tayler Crothers of CTC Studio / Courtesy of Brookfield Properties

January 31, 2024

Major mixed-use development Manhattan West is officially complete

By Aaron Ginsburg

After several decades in the making, the mixed-use campus Manhattan West is officially complete. Brookfield Properties and Skidmore, Owings and Merrill (SOM) on Tuesday announced the opening of Two Manhattan West, a 58-story skyscraper with two million square feet of office space. Located on the corner of Ninth Avenue and West 31st Street, Two Manhattan West is the final piece of the seven-million-square-foot Manhattan West, marking the completion of the new neighborhood.
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Architecture And Design

SOM completes $100M restoration of Midtown’s Lever House

All photos courtesy of Lucas Blair Simpson © SOM

November 17, 2023

SOM completes $100M restoration of Midtown’s Lever House

By Aaron Ginsburg

The $100 million restoration of Park Avenue's famous Lever House tower by Skidmore, Owings & Merrill (SOM), the iconic building's original architects, has been completed. The project revitalized the tower for the 21st century while preserving the distinct architectural aesthetic the building has expressed since it was first completed in 1952. Lever House features a reimagined lobby, ground-level public plaza, modernized building systems, and a new indoor and outdoor hospitality suite called the Lever Club.
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Architecture And Design

Major South Bronx development Bankside opens lottery for 132 apartments, from $2,525/month

All images courtesy of the New York City Department of Housing Preservation and Development

September 19, 2023

Major South Bronx development Bankside opens lottery for 132 apartments, from $2,525/month

By Aaron Ginsburg

The sprawling South Bronx mixed-use development Bankside released another housing lottery this week. Applications are now being accepted for 132 middle-income apartments at Lincoln at Bankside, a four-tower development with 921 apartments and a new public waterfront park. New Yorkers earning 130 percent of the area median income, or between $86,572 for a single person annually and $198,250 for a household of five, can apply for the units, priced from $2,525/month studios to $3,400/month two bedrooms.
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Affordable Housing

400 units of affordable housing approved for 5 World Trade Center

Renderings of 5 World Trade Center courtesy of Gov. Kathy Hochul’s Office

July 27, 2023

400 units of affordable housing approved for 5 World Trade Center

By Devin Gannon

The 900-foot-tall mixed-use skyscraper planned for 5 World Trade Center will include 400 units of affordable housing, a slight increase from the original proposal. After stalled negotiations, the Public Authorities Control Board on Thursday approved the mixed-use development at 130 Liberty Street, which calls for 1,200 new apartments, one-third of which will be permanently affordable to New Yorkers earning between 40 and 120 percent of the area median income. Plus, 20 percent of the affordable apartments will be offered to individuals who lived or worked in the neighborhood on September 11, including first responders and families of victims. Construction is scheduled to start next year, Gov. Kathy Hochul said.
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Jersey City’s Hudson Exchange begins construction of 60-story second phase

Rendering courtesy of Beyer Blinder Belle

June 30, 2023

Jersey City’s Hudson Exchange begins construction of 60-story second phase

By Aaron Ginsburg

Ground has broken on the second phase of Hudson Exchange, one of Jersey City's largest and most anticipated redevelopment projects. Located at 420 Marin Boulevard, the 1.3 million square foot development will feature a 60-story mixed-use tower with 802 luxury rental apartments and 115,000 square feet of retail space. Developed by Brookfield Properties and G&S Investors, the property will also include pre-leased ShopRite supermarket space.
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New Developments

Apply for 316 mixed-income apartments within Greenpoint Landing, from $410/month

Rendering courtesy of Handel Architects

June 1, 2023

Apply for 316 mixed-income apartments within Greenpoint Landing, from $410/month

By Aaron Ginsburg

A housing lottery opened this week for 316 mixed-income units at a new residential development on Brooklyn's waterfront. Located at 35 Commercial Street, the building is part of the 22-acre Greenpoint Landing development. New Yorkers earning 30, 50, 80, and 110 percent of the area median income, or between $17,006 annually for a single person and $158,510 for a household of five, are eligible to apply for the apartments, which range from $410/month studios to $2,572/month two bedrooms.
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Affordable Housing

South Bronx development Bankside opens lottery for 145 middle-income units, from $2,525/month

Renderings courtesy of ArX Solutions

February 23, 2023

South Bronx development Bankside opens lottery for 145 middle-income units, from $2,525/month

By Devin Gannon

Applications are currently being accepted for newly-constructed middle-income apartments at the massive mixed-use development Bankside in the South Bronx. As part of the project's second phase, Lincoln at Bankside contains 921 apartments, 145 of which are rent-restricted and available through the housing lottery. Qualifying New Yorkers earning between $86,572 annually for a single-person household and $215,150 annually for a household of seven can apply for the apartments, priced from $2,525/month studios to $4,373/month three-bedroom apartments.
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Affordable Housing

‘Gatsby’-inspired Art Deco theater with state-of-the-art technology opens at Manhattan West

Photo courtesy of Jason Greenspan

August 18, 2022

‘Gatsby’-inspired Art Deco theater with state-of-the-art technology opens at Manhattan West

By Aaron Ginsburg

A new theater opening in Midtown next month adds a modern twist to a classic New York City experience. Opening on September 21 at Brookfield Properties' mixed-use development Manhattan West, Midnight Theatre is a 160-seat performance venue that flaunts an Art Deco-inspired interior coupled with state-of-the-art technology. The theater includes a 270-degree immersive projection system that can alter the appearance of the venue's interior and can "transport visitors anywhere as part of a performance's narrative or needs." Conceptualized by creative director Warren Adcock, the venue will be a hotspot for music, theatre, performance art, and magic.
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Lottery opens for 224 units at OMA’s zig-zagging Greenpoint towers, from $1,437/month

By Aaron Ginsburg

A housing lottery opened this week for 224 middle-income units at a new residential development on the Brooklyn waterfront. Located within the Greenpoint Landing development, Eagle+West offers luxury homes, incredible views, high-end amenities, and unparalleled waterfront access. New Yorkers earning 80, 125, and 130 percent of the area median income, or between $51,840 for a single person and $206,875 for a household of seven, can apply for the apartments, ranging from $1,437/month for studios to $3,397/month for three bedrooms.
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Affordable Housing

Portside is Lower Manhattan’s latest waterfront retreat

Renderings courtesy of Brookfield Place

July 5, 2022

Portside is Lower Manhattan’s latest waterfront retreat

By Aaron Ginsburg

Brookfield Properties last week announced the grand opening of their new nautical-inspired pop-up, Portside. Located at Brookfield Place's Upper Plaza in the Financial District, the space is free, open to the public, and offers guests breathtaking views of the New York Harbor. The space will also host weekly programming and events, as well as offer cocktails and food provided by Tartinery. Portside will be open daily from 9 a.m. to 9 p.m. through September.
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How mixed-use development Manhattan West is creating a sustainable food system

Photo of Manhattan West © Jakob Dahlin

May 11, 2022

How mixed-use development Manhattan West is creating a sustainable food system

By Aaron Ginsburg

A mixed-use development in Midtown this month announced a new initiative that aims to create a campus-wide sustainable food system. Manhattan West will become the first-ever "Rethink Certified Campus," requiring every food establishment at the development to donate their excess food and prepare free meals for New York City families facing food insecurities, developer Brookfield Properties and nonprofit Rethink Food announced. Funded with a $250,000 donation by Brookfield, the project is expected to collect five tons of excess food and provide 50,000 meals to families in need.
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Policy

Lever Club will bring a new dining and lounge option to Lever House tenants after renovation

Rendering ©TMRW

March 28, 2022

Lever Club will bring a new dining and lounge option to Lever House tenants after renovation

By Michelle Cohen

In January, 6sqft reported the $100 million renovation of the landmarked Midtown Lever House skyscraper, led by the building's original architects Skidmore, Owings & Merrill (SOM), had begun. On Monday it was announced the redeveloped Manhattan icon will be home to Lever Club, an exclusive restaurant and lounge for tenants. The new venue will span the building's entire third floor and have 15,000 square feet of outdoor terrace space.
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The priciest private development in the Bronx opens first residential tower with rents to match

Rendering courtesy of ArX Solutions

March 11, 2022

The priciest private development in the Bronx opens first residential tower with rents to match

By Aaron Ginsburg

The priciest private development in the Bronx opened its first residential tower this week with rents to match. Developed by Brookfield Properties, the $950 million mixed-use Bankside project is one of the largest private investments in Bronx history and sits on 4.3-acres along the Mott Haven waterfront. On Thursday, rents for the market-rate apartments at Third at Bankside were revealed, with prices ranging from $2,455/month for studio apartments to $7,334/month for a three-bedroom unit with a private terrace.
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With $50M redevelopment, MetroTech Center will become ‘Brooklyn Commons’

Rendering courtesy of Brookfield Properties

February 8, 2022

With $50M redevelopment, MetroTech Center will become ‘Brooklyn Commons’

By Aaron Ginsburg

Brookfield Properties today announced the rebranding of the MetroTech Center in Downtown Brooklyn to Brooklyn Commons. The $50 million redevelopment project aims to modernize the property through the renovation of several of the office buildings within the campus, upgrades to the central public park space, and a year-round arts and event program that will be free and open to the public.
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Real Estate Trends

Lottery opens for 134 apartments at new waterfront rental in Mott Haven, from $1,795/month

Rendering courtesy of ArX Solutions

January 26, 2022

Lottery opens for 134 apartments at new waterfront rental in Mott Haven, from $1,795/month

By Aaron Ginsburg

A housing lottery opened this week for 134 middle-income units at a new development in the South Bronx. Developed by Brookfield Properties, Third at Bankside is the first phase of Bankside, the most expensive private development in Bronx history. New Yorkers earning 130 percent of the area median income are eligible to apply for the apartments, which range from $1,795/month studios to $2,900/month two-bedrooms.
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Affordable Housing

$100M restoration of Midtown’s iconic Lever House skyscraper has begun

Rendering of the updated Lever House. Image credit: Brookfield Properties

January 25, 2022

$100M restoration of Midtown’s iconic Lever House skyscraper has begun

By Michelle Cohen

Park Avenue's iconic Lever House tower is being redeveloped under the architectural guidance of Skidmore, Owings & Merrill (SOM), the building's original architects, according to an announcement by the building's owners, WatermanClark and Brookfield Properties. The Midtown architectural landmark was completed in 1952 as soap company Lever Brothers' U.S. headquarters. SOM will be helming the restoration seven decades after they first designed the building at 390 Park Avenue.
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Architecture And Design

Mixed-use development Manhattan West officially opens today, revealing restaurants, open space, and more

Photo Credit: Jakob Dahlin

September 28, 2021

Mixed-use development Manhattan West officially opens today, revealing restaurants, open space, and more

By Dana Schulz

Following more than 30 years of planning, Brookfield Properties' eight-acre mixed-use development Manhattan West officially opens today. Located on the blocks between 32nd and 33rd Streets and Ninth and Tenth Avenues, the $4.5 billion project serves as a much-needed link on the far west side, bordered by the new Moynihan Train Hall to the east, Hudson Yards to the West, and the High Line to the south. Manhattan West's master plan was designed by Skidmore, Owings & Merrill (SOM) and consists of six buildings--four office, one residential, and one boutique hotel. There's also a 2.5-acre public plaza designed by James Corner Field Operations, as well as a Whole Foods, immersive retail, and tons of restaurants including two from Danny Meyer.
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Rendering: LCP360

September 23, 2021

New looks for 7-tower Bankside complex, the priciest development in the Bronx

By Devin Gannon

As the first phase nears completion, a fresh set of renderings has been released of one of the most expensive private development in Bronx history. Developed by Brookfield Properties, Bankside is a $950 million seven-tower complex that stretches across two Harlem River-facing parcels in Mott Haven. New images of the massive development show off the project's 450-unit rental set to open this year, as well as the new public waterfront park and esplanade.
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Greenpoint tower with outdoor pool opens lottery for 127 middle-income units, from $2,370/month

All images courtesy of NYC Department of Housing Preservation & Development, unless otherwise noted

June 30, 2021

Greenpoint tower with outdoor pool opens lottery for 127 middle-income units, from $2,370/month

By Devin Gannon

A housing lottery opened this week for 127 middle-income apartments at a brand new rental tower in Greenpoint. Two Blue Slip, one half of a pair of luxury towers developed by Brookfield Properties and Park Tower Group, is a 40-story building located on the waterfront at the northern end of the Brooklyn neighborhood. New Yorkers with combined household incomes between $81,258 and $192,400, or 130 percent of the area median income, can apply for the apartments, which start at $2,370/month studios, $2,542/month one-bedrooms, $3,063/month two-bedrooms, and $3,530/month three-bedrooms.
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Affordable Housing

$950M South Bronx development Bankside set to open first residential tower this year

Renderings courtesy of ArX Solutions

March 31, 2021

$950M South Bronx development Bankside set to open first residential tower this year

By Devin Gannon

The most expensive private development in the Bronx continues to progress. Brookfield Properties announced this month that the final tower at the phase one site of Bankside, a seven-tower waterfront complex in Mott Haven, has topped out. The $950 million mixed-use project takes up two parcels on either side of the Third Avenue Bridge on the Harlem River. Third at Bankside, located at 2401 Third Avenue, has officially topped out and developers have broken ground at Lincoln at Bankside, located at 101 Lincoln Avenue.
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Plan for 900-foot tower with 1,325 rentals at 5 World Trade Center moves forward

Photo by bilderkombinat berlin on Flickr

February 12, 2021

Plan for 900-foot tower with 1,325 rentals at 5 World Trade Center moves forward

By Devin Gannon

Plans to build a 900-foot mixed-use tower with 1,325 units of housing at 5 World Trade Center are moving forward. The boards of the Port Authority of New York and New Jersey and the Lower Manhattan Development Corporation voted on Thursday to approve the recommendation of the selection committee for the proposal from Brookfield Properties, Silverstein Properties, Omni New York, and Dabar Development Partners. The site is the former location of the Deutsche Bank building which was damaged in the September 11 terrorist attacks and later demolished. The developer will now enter negotiations for a lease for the residential tower, expected to measure 1.56 million gross square feet.
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All renderings credit Brookfield Properties

February 3, 2021

Long-plagued Midtown office tower will be reborn as 660 Fifth Avenue: See new looks

By Dana Schulz

The office tower formerly known as 666 Fifth Avenue has shed both its superstitious address and its controversial connection to the Kushners. Brookfield Asset Management bought the 99-year ground lease for the 41-story Midtown office building between 52nd and 53rd Streets in 2018 from Kushner Cos., announcing the following year a $400 million overhaul designed by Kohn Pedersen Fox Associates. Brookfield has now released new renderings of the 660 Fifth Avenue project, which will have a new glass facade and floor-to-ceiling windows, a new lobby and retail spaces, and new outdoor terraces when it's completed in 2022.
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See Cuomo’s proposal to extend the High Line to the new Moynihan Train Hall

Courtesy of Gov. Andrew Cuomo’s Office

January 11, 2021

See Cuomo’s proposal to extend the High Line to the new Moynihan Train Hall

By Devin Gannon

The High Line will be extended from its current 10th Avenue terminus to the entrance of the newly opened Moynihan Train Hall, Gov. Andrew Cuomo is expected to announce during his 2021 State of the State address on Monday. As the New York Times first reported, a new L-shaped elevated walkway will link the existing public park at 30th Street to a pedestrian plaza at Manhattan West, a six-building mixed-use development from Brookfield Property Group that stretches from 9th and 10th Avenues and 31st to 33rd Streets.
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