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Plans For 40-Story Development on Greenpoint Waterfront Move Forward, Permits Filed

18 India St. via RedSky Capital

May 3, 2018 By Nathaly Pesantez

Plans for a 40-story development along the Greenpoint waterfront have been filed, signaling a significant step forward in a site long slated for development.

The development, to be located at 18 India Street, will span roughly 650,000 square feet, with 470 apartments in a two-tower structure sitting over two stacked bases.

The development will consist of a first base rising ten stories, and then dividing into a north and south portion, for a total height of 445 feet.

The site, which currently has a one-story warehouse on it, is owned by RedSky Capital, a real estate agency based in Brooklyn. The property was purchased by the group for $83.5 million in 2009.

The architect for the project is listed as Skidmore, Owings & Merrill, a global firm known for projects like One World Trade Center and the Burj Khalifa in Dubai.

News of the site’s potential development first came to light in 2015, when the Commercial Observer reported on financial backing to RedSky Capital for a 40-story residential tower.

The 18 India Street development is next to another massive development—a 40-story tower dubbed “The Greenpoint” at 21 India Street.

The developer did not immediately respond to questions on the project.

18 India St. (Google Maps)

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