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WSJ - Stalled Brooklyn Waterfront Project Proceeds
August 18, 2014
A Brooklyn waterfront development on pause for years is set to move forward now that its developer has found a partner.
Palin Enterprises and Mack Real Estate Group have entered into a joint venture to develop 145 West St. in the Greenpoint neighborhood—an 800,000-square-foot project with more than 600 residential units and 23,000 square feet of retail space. It is one of the larger Greenpoint developments expected to drastically reshape a neighborhood that already has been transformed from a blue-collar Polish-American enclave to hipster-chic favorite.