![]() ![]() It Is Environmentally Irresponsible & Dangerousĭeeply Toxic Land: The land surrounding the Gowanus Canal once housed different types of industries that produced toxic waste that has seeped deep into the ground. Majority of Apartments Will Be Super Expensive: 70% of the new housing would be high-end luxury apartments, with rents well above $3,000, according to current trends. The yellow buildings in the image above identify the new luxury apartment buildings proposed for the neighborhood. Huge Influx of New Residents: The plan would bring 8,200 additional apartments to the neighborhood - and at least 20,000 new residents.ĭozens of New Luxury Towers: The plan would allow 22 to 30 story towers to be built lining both sides of the Gowanus Canal, and along 4th Avenue between 9th Street and Atlantic Ave, and in other areas. ![]() It is the single largest rezone proposed during the de Blasio administration. The new plan, developed in partnership with developers, rewards them with huge tax cuts and credits, while demanding very few benefits for the community.Įxtends Far Beyond Gowanus: The rezoning plan spans 80 blocks bounded by Bond Street to the west, Baltic Street to the north, 4th Avenue to the east from Atlantic Avenue to 15th Street and cuts off near Hamilton Avenue. Originally limited to 12-story buildings with 20% affordable housing, the ambition of the upzoning has exploded since Councilmember Brad Lander was elected to replace de Blasio. The Gowanus Rezone was originally proposed under the Bloomberg administration while now-Mayor de Blasio was still the councilperson representing District 39. Today, the project is on track to debut in 2025 and is expected to achieve LEED Platinum certification.įollow YIMBYgram for real-time photo updatesįollow YIMBY’s Twitter for the latest in YIMBYnews 540 Degraw Street Affordable Housing Brooklyn Commercial Domain Companies Goldman Sachs Gowanus Gowanus Rezoning Handel Architects Mega Development Mixed-Use Residential Retail Total capitalization of the project is estimated at $230 million. The construction loan was secured through U.S. These developments would also include expanded community facilities, publicly accessible open space, and parking. The initiative to rezone the area is expected to facilitate the construction of more than 7.6 million square feet of residential area, upward of 1.5 million square feet of commercial area, and an overall reduction of vacant, underutilized land. Majestic will be among the first new buildings to debut as part of the successful rezoning of 82 blocks surrounding the Gowanus Canal. ![]() A total 25 percent of the units will be designated for affordable housing. Future Green Studio is the landscape designer for the property, which is located between Nevins Street and 3rd Avenue. Designed by Handel Architects and developed by Domain Companies, the Urban Investment Group within Goldman Sachs Asset Management, Vorea Group and Mega Development, the building will yield 18,000 square feet of commercial space and 255 rental units. JLL Capital Markets has arranged a $142 million construction loan to finance the completion of Majestic, a 12-story mixed-use building at 540 DeGraw Street in Gowanus, Brooklyn. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |