Carl Goldberg, Marc Berson and Partners are expected to construct about 700 residential and commercial units on this large swath of the former Military Ocean Terminal, city officials said. Development had been stalled first by litigation and then by the recession.
“The plan takes advantage of the site’s proximity to the 45th Street light rail station and the easy commute into New York City,” Mayor Mark Smith said.
With the approval, the project is on track to break ground this year, according to the city, and will provide increased ratables, adding revenue to stabilize property taxes.
The development is expected to include high-end amenities like swimming pools, clubhouses, common area Wi-Fi, a basketball court, a billiard room, and a fitness center.
Mayor Smith welcomed the planning board’s approval of the redevelopment plan.
“This has been a long time in coming,” Smith said. “But we are finally on the threshold of progress at the peninsula. It took a lot of hard work to get us to this point, but now we are eager to get started. The past is behind us and our future looks bright.” – Joseph Passantino