Developer Selected for Project at Brooklyn Bridge Park's Pier 6
The Brooklyn Bridge Park Corp has selected a JV between RAL Development Services and Oliver’s Realty Group to build a mixed-use residential project on parkland at Pier 6, near the waterfront green space’s southern entrance. RAL and Oliver's proposal beat out those of 13 other would-be developers, though it still needs an OK from the BBPC's board and the Empire State Development Corp. The developers agreed to fork over $106M up front to get a chance to lease the land and develop the project; they also made a few major concessions to placate locals, The Real Deal reports. The proposed development, to include two residential towers, was allowed to move forward after BBPC prevailed in a legal challenge brought by People for Green Space, a local opposition group. That suit was settled out of court last month on the condition that a public review take place.
The public review process lies ahead, and could be an easier go in light of the concessions: plans call for a total of 339 units between the two buildings, down from the 430 max permitted under the park's 2005 governing plan, according to BBPC. Both buildings will be three stories shorter than the max heights permitted (315 and 155 feet) under the 2005 model. Building A, the taller of the two at 285 feet, will have 3,870 SF of retail, 192 market rate condos, a parking garage and restrooms for park-goers. Building B, at 125 feet high, will have a mix of affordable and market rate rentals (117 and 30 units, respectively), along with 930 SF of retail and a 1,500 SF community facility. “As the Pier 6 discussion continues, it's essential that the public has as much information as possible about what's to come,” said BBPC president Regina Myer. Expected completion date for the two buildings: fall 2017.