New John Street Apartments to Fund Brooklyn Bridge Park Expansion in DUMBO

Many New Yorkers know <a href="http://inhabitat.com/nyc/bouncy-squibb-park-pedestrian-bridge-opens-as-connection-to-brooklyn-bridge-park/">Brooklyn Bridge Park</a> as an oasis in the city, and now there are plans to develop even more of the park using funds from a new apartment complex in the area. The John Street development project, which was awarded to Brooklyn-based <a href="http://www.alloyllc.com">Alloy Development</a> and <a href="http://www.moncon.com/news-press/">Monadnock Construction</a>, is an exclusive residential complex that will boast just 47 units. The income generated through the land lease of the new building will be used towards completing the northernmost section of <a href="http://inhabitat.com/nyc/brooklyn-bridge-parks-colorful-new-pop-up-pool-and-beach-open-today/">one of Brooklyn's most beloved waterfront parks</a>.

The new 47 unit complex will consist of exclusive apartments over 12 storeys

The park is also slated for expansion!

Revenue generated by complex will help to fund maintenance of the Brooklyn Bridge Park

The 100,000 square foot building is expected to merge harmoniously with the existing urban fabric

Brooklyn Bridge Park is a favorite among Brooklynites, and includes a mesmerizing variety of facilities

The ground floor of the new apartment complex will be occupied by the Brooklyn Children Museum