Charney Companies and Tavros recently celebrated the topping out of 585 Union Street, a mixed-use building in Gowanus, Brooklyn. The topping out marks a significant milestone for the nine-story building towards its completion and the broader transformation of the area, which is actively underway with other projects including Charney Companies’s 251 Douglass Street nearby.
Construction has broken ground at 251 Douglass Street, the site of a 15-story residential building in Gowanus, Brooklyn. Designed by Fogarty Finger Architects and developed by Charney Companies and Tavros Capital, the 15-story building will span 250,000 square feet and yield 260 residential rental apartments. Notably, 25 percent of the inventory will be designated as affordable housing, aligning with city efforts to increase inclusive living options. The development will also include ground-floor retail spaces and parking facilities, enhancing the area’s commercial and residential appeal.
Avery Hall has closed on a $72.5 million construction loan to complete a new 17-story rental property at 544 Carroll Street in Gowanus, Brooklyn. The loan, provided by TD Bank, was arranged by JLL Capital Markets on behalf of Avery Hall and co-developers Declaration Partners and Bridge Investment Group.
After a decade of remediation and construction, a derelict industrial building along the Gowanus Canal in Brooklyn has been transformed into a state-of-the-art fabrication facility and makerspace for ceramic, print, and public art, as well as space for events and education. Known as Powerhouse Arts, the property is located at 322 3rd Avenue and was transformed by Pritzker Prize-winning design studio Herzog & de Meuron, alongside New York City’s PBDW Architects.
The affordable housing lottery has launched for 584 4th Avenue, a nine-story mixed-use building in Gowanus, Brooklyn. Designed by ND Architecture & Design and developed by Yoel Werzberger under the Watermark Capital LLC, the structure yields 48 residences. Available on NYC Housing Connect are 14 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $94,286 to $198,250.