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  #41  
Old Posted Oct 12, 2020, 5:42 PM
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https://therealdeal.com/2020/10/12/port-authority-out-3b-has-waterfront-land-to-sell/

Port Authority, out $3B, has waterfront land to sell
Agency’s revenue crushed by Covid as it pursued projects costing billions


TRD New York
October 12, 2020


Quote:
...Vehicular traffic is back within 10 percent of normal, and shipping at the agency’s ports is now above its level of a year ago. However, airport activity is still down 80 percent, said Rick Cotton, executive director of the agency, during a TRD Talk last week.

One revenue generator for the authority would be to sell to housing developers its 80 acres of waterfront land in Red Hook, where it has a small container operation...

“We understand that in terms of its land, it’s not the highest and best use,” Cotton said. “We’d absolutely be prepared to work with the city, state and community in terms of enabling development on that site.”

...Cotton noted that regardless of what happens with the Red Hook site, shipping will continue somewhere in Brooklyn. Operations could be moved to the South Brooklyn Marine Terminal in Sunset Park. The bistate agency has been talking with de Blasio’s Economic Development Corporation, which owns the terminal.
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  #42  
Old Posted Oct 12, 2020, 8:19 PM
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So is this directly related to the AECOM vision proposal from a few years back that included a 1 train extension to RH?
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  #43  
Old Posted Oct 12, 2020, 9:54 PM
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^^^^

Its a long term vision or goal. There will be set backs because with any vision or goal that is 20+ years in length, times will change.
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  #44  
Old Posted Oct 13, 2020, 12:18 AM
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Originally Posted by Busy Bee View Post
So is this directly related to the AECOM vision proposal from a few years back that included a 1 train extension to RH?
It's what would make the development possible. From the original plan:


Quote:
AECOM envisions building as many as 45,000 units of housing, much of it in new residential towers that would rise on underutilized Brooklyn sites owned by the Port Authority of New York and New Jersey and the city.

The company plans to unveil the proposal Tuesday at the NYU Rudin Center for Transportation. Under the preliminary plan, proceeds from the sale or long-term lease of the land to developers, as well as other funds generated from revenue streams such as real estate taxes, would go toward upgrading the neighborhood's infrastructure..........

The plan calls for constructing more than a dozen towers that would contain as many as 45,000 apartments, a quarter of which would be set aside for affordable housing.

The new towers would sit on multiple sites: two adjacent waterfront compounds, the 80-acre Red Hook Container Terminal owned by the Port Authority of New York and New Jersey, a similar-sized adjacent parcel of city-owned waterfront along Columbia Street, the southern edge of the neighborhood overlooking the Gowanus Bay and unused land located at Red Hook Houses.


The Port Authority is offering up its portion of the site for development. As that pandemic crushes finances from various municipalities and organizations, we'll see more interest in land that could potentially be redeveloped into something more, even if that would be down the line.


Quote:
One revenue generator for the authority would be to sell to housing developers its 80 acres of waterfront land in Red Hook, where it has a small container operation...

“We understand that in terms of its land, it’s not the highest and best use,” Cotton said. “We’d absolutely be prepared to work with the city, state and community in terms of enabling development on that site.”




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  #45  
Old Posted Mar 25, 2025, 2:14 AM
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Saw a little about this on the news. Time to catch up….



https://www.nytimes.com/2024/10/30/nyregion/red-hook-brooklyn-development.html

This Waterfront District Is a Developer’s Dream. Could It Come True?
The Red Hook waterfront in Brooklyn used to be home to some of the busiest piers on the East Coast. Developers say the land could fit thousands of housing units



Mathew Haag
Oct. 30, 2024


Quote:
With panoramas of Lower Manhattan and New York Harbor, the 122-acre-property in the Red Hook neighborhood offers developers an enticing and potentially lucrative opportunity to reinvent a gritty industrial district into a residential neighborhood with high-rise apartment buildings, shops and offices.
Quote:
But now, after a land swap deal between the city and the land’s owner, the Port Authority of New York and New Jersey, the city and state are moving ahead with the most serious effort yet to transform the area, pledging to usher through a large-scale, mixed-use development with housing while consolidatings and upgrading the port.
Quote:
City and state officials insist they have no specific plans yet for the land, which straddles Red Hook and the much smaller Columbia Street Waterfront District, stretching one mile from the Brooklyn Cruise Terminal to the southern end of Brooklyn Bridge Park.
But they want to move fast, and they have asked a newly formed task force of community members and elected officials to make suggestions by the end of the year about what to build.

An environmental review will follow, which will become the basis for a project plan written by the state that will lay out the details. The state’s involvement allows the project to skip the city’s typical land-use process for rezoning, meaning the City Council will not get a say. Construction could start in 2026 or 2027.
Quote:
If it moves forward, the transformation of Red Hook could mirror other waterfront developments, like the creation of Battery Park City in Lower Manhattan in the 1970s, the transformation of Roosevelt Island in the 1970s and 1980s and the revitalization of Brooklyn’s Williamsburg neighborhood in the early 2000s.

Whatever shape the project ultimately takes, it could be one of the largest developments in modern city history, a rare chance to transform a neighborhood and provide much-needed housing at a time when New York City has become unaffordable for many.

“This is a generational opportunity for the city on a site that has been long underutilized and underinvested,” said Andrew Kimball, the president of the New York City Economic Development Corporation, the municipal organization overseeing the project.
Quote:
Developers have told officials that the success of any project depends on extending the subway to the area. But subway construction is extremely expensive, and only one major expansion of the system has happened in the past 80 years.

Currently, the nearest subway stop is a 20-minute walk from the area, which is served by a single bus line. The Brooklyn-Queens Expressway also acts like a roaring, overhead dividing line.

James O’Brien, the owner of Popina, an Italian restaurant on Columbia Street, said he once considered giving diners credits on ride-hailing apps to encourage them to visit.

“The idea of more people down there, I love it,” he said. “Maybe we’d lose the view of the skyline, but that’s a fair trade-off.”
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  #46  
Old Posted Mar 25, 2025, 2:27 AM
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  #47  
Old Posted Mar 25, 2025, 5:47 PM
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This would be a great catalyst for redeveloping the area, they really need to add better transit connections over there though for it to be more accessible. A 1 extension is probably not likely so maybe a light rail line could be an option.
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  #48  
Old Posted Mar 25, 2025, 6:43 PM
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  #49  
Old Posted Sep 24, 2025, 1:49 AM
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https://edc.nyc/press-release/bmt-taskfo...an-to-transform-brooklyn-marine-terminal

Mayor Adams, Governor Hochul, Representative Goldman, Senator Gounardes Announce Passage of Historic $3.5 Billion Vision Plan to Transform Brooklyn Marine Terminal Into Modern Maritime Port, Create New, Vibrant Mixed-Use Community Along Waterfront

Ambitious Plan Will Build 60-Acre Modern All-Electric Port, 6,000 Homes, 28 Acres of New Open Space, Over 275,000 Square Feet of Industrial Space, Resiliency Measures, and Dedicated Spaces for Workforce, Community, and Culture



By NYCEDC
Sep 22 2025


Quote:
New York City Mayor Eric Adams, New York Governor Kathy Hochul, New York City Economic Development Corporation (NYCEDC) President and CEO Andrew Kimball, U.S. Representative Dan Goldman, and New York State Senator Andrew Gounardes today announced that the Brooklyn Marine Terminal (BMT) Task Force has passed a historic vision plan to turn BMT into a modern, maritime port and create a vibrant, mixed-use community along the Brooklyn waterfront. The proposal—which is backed by $418 million in city, state, and federal investments—will transform the dilapidated marine terminal into a 60-acre, all-electric maritime port that can, once again, serve as a key economic driver for the community and city.

In addition to a revitalized port, the plan passed today will also create 6,000 new homes—including over 2,400 permanently-affordable units—as well as at least 28 acres of public space, 275,000 square feet of commercial space, 250,000 square feet of community facility space, and 275,000 square feet of light-industrial and industrial space at discounted rents. The plan, which covers a total of 122 acres, will also deliver vital resiliency and infrastructure upgrades for the area while generating an estimated $18 billion in economic impact, 37,000 temporary construction jobs, and 2,000 permanent jobs. The Vision Plan adopted by the BMT Task Force serves as the foundation for all future investments and redevelopment at BMT.
Quote:
“Today, our city took a massive step towards the future. By approving this $3.5 billion vision plan, we will turn a crumbling marine terminal into a modern maritime port while creating thousands of affordable homes and tens of thousands of good-paying jobs. We’ll deliver the open space our city needs and keep New York at the front of the green economy,” said Mayor Adams. “For years, naysayers have told us that the days of big ideas and bold initiatives were over, but New York City is proving them wrong. We’re turning our waterfront into a ‘Harbor of the Future’ and unlocking opportunity for generations to come. When I came into office, I promised to ‘Get Stuff Done,’ and, today, we are doing it in a big way. Thank you to all the members of the BMT Task Force who took their responsibility seriously and to all the community members and experts who weighed in along the way.”

“This bold, $3.5 billion vision will transform the Brooklyn Marine Terminal into a modern, all-electric maritime hub and a thriving new neighborhood—delivering good-paying jobs, affordable homes, and public amenities for generations to come,” said Governor Hochul. “New York state is proud to stand with the city to make this once-in-a-generation investment in our waterfront, our economy, and our communities. Together, we’re proving that growth, resiliency, and equity can go hand in hand.”



https://www.costar.com/article/408117190...s-brooklyn-marine-terminal-sails-forward
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  #50  
Old Posted Sep 24, 2025, 1:52 AM
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https://www.archpaper.com/2025/09/buro-happold-wxy-one-architecture-scape-brooklyn-marine-terminal/

Buro Happold, WXY, One Architecture, and SCAPE envision public parks, thousands of new waterfront homes, and more at Brooklyn Marine Terminal


By Daniel Jonas Roche
September 23, 2025







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  #51  
Old Posted Sep 24, 2025, 3:34 AM
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It's a damn shame, we could have had double the amount of units. This is definitely promising though.
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  #52  
Old Posted Sep 25, 2025, 12:45 AM
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Originally Posted by BK1985 View Post
It's a damn shame, we could have had double the amount of units. This is definitely promising though.
Yeah, I don't understand why the city has been limiting itself when housing is badly needed. We saw the number of possible units cut in the Midtown South rezoning. But on the other hand, many sights have been or will be upzoned for larger buildings. But no reason you shouldn't have both.
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