40 Stories on the Greenpoint Waterfront?


That's what Dean Palin, developer of the Oro on Gold Street, is hoping he can create at 155 West Street, between Huron and India Streets. The Brooklyn Paper reports that the 2005 upzoning of the area allows for 30 stories, but Palin is aiming for 10 more (other north Brooklyn waterfront developments, The Edge and Northside Piers, didn't rise to the 30-story allowance). Palin's vision includes a 422-unit rental tower as a piece of a 620-unit development, with a $2 million waterfront esplanade and three six-story buildings with 218-units, some 140 of them affordable. But affordability's not why Palin wants more height. "The developer claims that he needs to make his high-rise 10 stories taller than zoning allows because he cannot build within 50 feet of a sewage pipe that runs through the lot, and he cannot touch a 25-foot section of wetlands at the corner of the property, said Ken Fisher, a former councilman who is representing the builder." The project hasn't yet begun because they don't have financing set. Fisher hopes that'll happen by spring of 2009.
40 Stories and a Rule [Brooklyn Paper]

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