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Monitor Point Waterfront Towers Face Community Test After 40% Affordability Pledge

A pending City Council decision will follow community review to determine if construction can begin in 2028.

Overview

  • Gotham Organization seeks to lease the MTA’s Quay Street site for three mixed-use towers up to roughly 600 feet with about 1,150 apartments.
  • The developer now commits to 40% of units—about 460 apartments—being permanently affordable across specified income bands.
  • Local groups and residents cite scale, flood risk, and harm to the Bushwick Inlet ecosystem, and they link the plan to long-delayed park commitments.
  • Councilmember Lincoln Restler opposes the project in its current form and calls for deeper affordability and a firm timeline to complete Bushwick Inlet Park.
  • Supporters, including labor unions and the planned USS Monitor museum, point to jobs, public waterfront access, retail space and green upgrades, while the MTA says monetizing the site supports transit funding; the City Council will have final say with completion targeted for 2031 if approved.