Overview

• The Domain Companies, LMXD and Park Tower Group formed a joint venture to advance the next phase of the 22-acre Greenpoint Landing waterfront development.
• Financing includes an $81 million senior land loan from Bank OZK, a $33 million mezzanine facility from InterVest and a structured equity package for acquisition and pre-development.
• Handel Architects–designed plans envision three towers at 21 Freeman Street (40 stories, 503 units), 37 Freeman Street (30 stories, 298 units) and 209 West Street (nine stories, 224 units).
• The project will deliver more than 1,000 homes with roughly 300 affordable units and about 20,000 square feet of retail space, part of which is preleased to brokerage Igloo.
• Construction is slated to begin in summer 2026 and a New York Liberty practice facility is expected to open on site in 2027.