Gowanus


Aerial rendering of 540 DeGraw Street - Handel Architects

Developers Close on $140M Loan to Complete Majestic at 540 DeGraw Street in Gowanus, Brooklyn

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. 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. 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.

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601 Baltic Street Tops Out in Gowanus, Brooklyn

Construction is progressing on 601 Baltic Street, a topped-out ten-story residential building in GowanusBrooklyn. Designed by Orlando Diaz of Form4 Design Studio and developed by Yiannes Einhorn of Einhorn Development Group, the 30,018-square-foot structure will yield 25 condominium units spread across 22,659 square feet as well as 1,654 square feet of ground-floor retail space. Built By Grid is the general contractor and King Contracting Group in charge of the brick and CMU work for the property, which is located at the corner of Baltic Street and Fourth Avenue.

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