BROOKLYN, NY-Marc Francis, founder and CEO of Great Neck, NY-based Delphine Real Estate Advisory Group Ltd., tells that Delphine is the exclusive listing agent for a 64,800-sf development site on the waterfront in Greenpoint, Brooklyn. Although Francis could not disclose to who the seller is at the time, he explains that they are selling because they are not developers, and that the property has been approved for a mixed-use development.

The site, which is currently listed at $28 million has learned, currently has a warehouse on the lot, Francis says. The site, directly across the East River from Manhattan’s East Village has been approved for a mixed-use development of 30,000 sf of commercial space and 157,000 sf of residential space. Under the Inclusionary Housing program, the residential square footage could be boosted to 178,200 sf.

Francis tells that what the sellers are using the site for now is what they have been using it for years. “The owners had started to think about selling the site as a project to show its potential, so they spoke to an architect.” The proposed project—known as Huron Towers at Greenpoint—is located at 161 W. St., at the corner of Huron Street here.

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