1 Java Street
Update
12/19/22
Lendlease Lands $360M for Dual-Tower Development in Greenpoint
Developer, Lendlease, and Australian super-fund, Aware Super, have just received a $360 million loan for a 37-story residential project, set to rise at 1 Java Street (aka 18 India Street) in Greenpoint, Brooklyn. Issued by Bank of America, this influx of capital will be used to fund all construction costs from start to finish.
The dual-tower structure will contain rental apartments, with approximately 30% of these to be reserved for affordable housing programs. A select amount of the units will also be available in townhouse configurations.
In addition to the vast residential component, plans call for square feet of ground-floor retail, an 18,000 square foot park along the East River waterfront, and an enclosed parking garage, with enough room for vehicles.
is also serving as the general contractor for the project, and construction is now in full swing.
At the moment, crews are in the process of excavating the foundation, while subsurface support piles are simultaneously being hammered into the ground around the site.
Designed by , 1 Java Street will stand feet tall and total square feet. The building has been sustainably engineered in order to achieve LEED Gold, WEDG Waterfront, Fitwel, and ENERGY STAR certifications.
The project site spans an entire city block and measures around 2.6 acres. Construction is expected to take at least 2-years, with work slated to finish by the Winter of 2025.
