Jan. 16, 2019 By Laura Hanrahan
Greenpoint’s waterfront may soon be seeing yet another large mixed-use development after plans were filed earlier this week for a 173-unit project on Huron Street.
Quadrum Global, a London-based private equity firm, pre-filed plans on Monday for a single commercial and residential development that would be split between two 14-story towers at 53 Huron St.
The building would total 178,000 square feet, with the first two floors appearing to form the structure’s base, according to the filing, before splitting into “east” and “west” towers.
Floors three through 14 would hold between four and 11 apartments in each tower, with the base of the building reserved for amenities like 87 enclosed parking spaces, lounges, a gym, an indoor pool and even a dog wash area.
Roof terraces at each tower also form part of development plans.
The property, which also has an address of 161 West St. and stretches between West Street and the East River, was purchased in 2014 for $45.5 million.
The site today has a vacant two-story warehouse, with demolition plans filed in September.
According to Quadrum Global’s website, the 63,600 square foot waterfront site has the potential to be upzoned to 330,000 square feet, but would require the building to have 25 to 30 percent affordable units. An as-of-right project would render a 175,000 square foot development, which is closer to its current plans.
The property’s page also features a rendering of a building on site, although it is unclear is the design corresponds to Quadrum Global’s recent building filings.
Other reports show renderings of prior plans for the Huron Street site that call for large, glass towers between 15 and 22 stories tall.
But the prior plans, drawn by Tan Architect, appear to be off the table, with a new architect—Morris Adjmi Architect—listed for the project.
Quadrum Global did not immediately respond to requests for updated renderings of the planned development and additional comment.
Plans for the waterfront property have been in the works in the years after Quadrum Global purchased the site, but developing the location has come at a price to the firm.
The developer was previously sued in May 2016 by Queens-based Bridgewater Capital, who claimed it been cut of out plans to jointly develop the building. The case was later dismissed in 2017, according to the Real Deal, after Bridgewater apparently dropped the claims in return for the chance to purchase the site.
It is unclear, however, if Bridgewater Capital is involved in the recent building plans, which were filed by Quadrum Global.
The new West Street building also comes as the stretch has seen vast development in recent years.
Developer Halcyon Management is currently constructing three residential buildings at 29 West St., 37 West St. and 65 Private Dr., totaling 736 units.
At 60 West St. Pearl Realty Management is converting the former Greenpoint Terminal Market into a 155-room hotel.
A strikingly thoughtless rezoning opened the floodgates (pun intended) to unsavvy development.
Plus, the rendering is an insult to dragons, unicorns and fairies.