Monitor Point, a 1,324-unit project at 40 Quay Street in Greenpoint, cleared the City Council's Land Use Committee 9-0 on June 26 after developer Gotham Organization committed to 662 permanently affordable units — but a full Council floor vote had not been scheduled as of July 13.

A mixed-use tower proposed for an MTA transit warehouse at 40 Quay Street in Greenpoint has cleared every land-use hurdle except a full City Council floor vote, which had not been scheduled as of July 13.

The Council's Land Use Committee voted 9-0 to approve Monitor Point on June 26, completing the committee stage of the city's ULURP process. Developer Gotham Organization secured that vote after agreeing to make half of the project's 1,324 units permanently affordable — 662 units, including roughly 110 designated for supportive housing. That affordability increase was the condition Council Member Lincoln Restler, who represents Greenpoint and Williamsburg, set for his support.

The site abuts Bushwick Inlet Park along the Newtown Creek waterfront, and the project has drawn organized local opposition from residents who argue that the flood-prone shoreline should be preserved for mitigation rather than development. A New York Times report published Monday framed the unresolved tension as housing currently winning out over flood protection.

Monitor Point has moved in steady steps through this year's approval chain: Community Board 1 voted yes in February; Borough President Antonio Reynoso approved it in March; the City Planning Commission cleared it in May. The project's scale — 1,324 units, half of them income-restricted, on a waterfront MTA site — makes it one of the larger affordable-housing decisions in front of the Council this session.

40 Quay Street is an existing MTA facility in Brooklyn Community Board 1. No BBL is on record in HPD's residential database; the site remains MTA-held pending execution of the lease.