Developers Break Ground on 27-Story Mixed-Use Tower in Gowanus
What happened
Charney Companies and Tavros broke ground on 175 Third Street in Gowanus, a 27-story mixed-use tower. The project, which is part of the Gowanus Wharf development, will span over 1 million square feet and include more than 1,000 apartments, including approximately 250 affordable units. The building will also feature ground-floor retail and a new public waterfront esplanade.
From patch.com
Why it matters
The construction contributes to the housing supply and tax base of New York City. The project follows the neighborhood’s 2021 rezoning and adds significant commercial activity through its ground-floor retail spaces.
From patch.com
Who's involved
- GowanusNeighborhood where the mixed-use tower is being constructed
- Brad LanderLed rezoning efforts in the Gowanus neighborhood
- City of New YorkMunicipal government overseeing the area
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- New YorkSpeculative
The state might see increased local tax revenue from the large-scale development.
- City of New YorkSpeculative
The city may increase its housing supply and tax base through municipal approval.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Gowanus development could increase City of New York's housing supplyGowanus development may boost City of New York's housing supply and tax baseLikely
- Gowanus development shows results of Lander's rezoning effortsGowanus development shows results of Lander's rezoning effortsLikely
- How could the Gowanus neighborhood's 2021 rezoning affect the city council?Rezoning in Gowanus enables major mixed-use tower and public esplanadeLikely
- Gowanus development may require state policy support from HochulMajor Gowanus development could require state policy support and funding from Hochul's officePossible
- New Gowanus tower may boost New York's housing supply and tax baseThe development may contribute to New York State's housing supply and tax basePossible
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The entities involved
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Brooklyn
borough of New York City, New York, United States
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Gowanus
neighborhood in Brooklyn, New York City, United States
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