Published On: Tue, Oct 27th, 2015

Brookfield buys piece of Park Tower’s Greenpoint Landing

Companies will co-develop two high-rise rental buildings housing combined 780 units

 

Greenpoint-Landing1Renderings of the Greenpoint Landing development in Greenpoint (credit Handel Architects) - Brookfield

 

Brookfield Property Partners acquired a piece of the Greenpoint Landing residential development in Brooklyn from Park Tower Group and will co-develop two high-rise rental buildings at the project.

The Toronto-based mega-commercial landlord closed last week on the acquisition of two development parcels along Commercial Street in Greenpoint. Property records filed with the city Tuesday valued one of the parcels at $59.8 million, though a Park Tower spokesperson declined to disclose the complete purchase price.

The deal will see Brookfield co-develop two rental buildings on the site with Park Tower.

 

Read the full story at The Real Deal, by Rey Mashayekhi

 

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