Charney Companies and Tavros Capital have closed on construction capitalization for 175 Third Street, the fifth and largest building in the Gowanus Wharf masterplan in Gowanus, Brooklyn. Designed by Bjarke Ingels Group (BIG), the 27-story structure will span approximately 1.1 million square feet and deliver nearly 1,100 residences, with 25 percent of the apartments designated as permanently affordable. The property is located between 3rd Avenue and the Gowanus Canal.
The renderings preview a distinctive design with a sprawling U-shaped footprint. The structure will be composed of a series of stacked boxes with chamfered corners, and will incorporate numerous setbacks topped with landscaped terraces. The façade will utilize rough-hewn gray stone surrounding a grid of floor-to-ceiling windows.
Rendering of 175 Third Street. Credit: Bucharest Studio.
175 Third street will contain approximately 35,000 square feet of indoor amenities, though all specific offerings have not been announced. Outdoor amenity space will include a rooftop lounge, a dog run, an outdoor pool, and a 3-acre courtyard.
Rendering of 175 Third Street. Credit: Bucharest Studio.
Beyond residential space, the project will introduce a 28,000-square-foot public waterfront esplanade along the Gowanus Canal, designed by Field Operations in collaboration with the NYC Department of Parks and Recreation. The building also will feature more than 85,000 square feet leased to Life Time for a three-story fitness club and spa, along with ground-floor retail space and subsidized artist studios intended to support the neighborhood’s creative community.
Rendering of 175 Third Street. Credit: Bucharest Studio.
175 Third Street is expected to become the largest building in Gowanus and will serve as the capstone of the broader Gowanus Wharf development, which has been assembled over the past decade by Charney Companies and Tavros. Apollo and Affinius Capital LLC are providing $600 million in debt financing, while RXR is contributing $185 million in equity.
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“Stacked boxes” never look so good, something to look forward to..
Build but what’s with the transportation terrible access to it.
DNRW trains are like a 5 min walk away access is excellent
This project has something for everyone. Good design, good affordable allocation.
I really hope the facades are slabs of true rough granite and that the renderings don’t lie. This is a really wonderful design.
For those interested in the cleanup of Gowanus Canal, check out Build Core on YouTube titled “New York’s $2 Billion Project Fixing its Most Toxic Canal.”
Probably precast concrete panels with a rough texture.