Greenpoint assemblage allows for the development of 233,500 SF
Rubenstein Partners’ Robert Andrews is stitching together a block-sized assemblage near the border of Williamsburg and Greenpoint where the company could develop a massive office and light manufacturing building, according to TRD.
Assemblage details… The developer has four separate “option” contracts (expiring in 2023) with owners of parcels on the entire block bounded by Meserole and Wythe Avenues and Banker and Gem Streets.
Worth Noting: The “option” appears to be an agreement to acquire the properties based on the buildable square footage… Rubenstein can negotiate for the site through the city’s Uniform Land Use Review Process. The assemblage allows for the development of 233,500 SF as of right.
Be Smart: Rubenstein is partnering with Toby Moskovits’ Heritage Equity on 25 Kent Ave. The nearly completed project will consist of 350,000 SF of office space, 70,000 SF of retail, and 80,000 SF of light manufacturing.