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.
Excavation is getting underway at 544 Carroll Street, the site of a 17-story residential building on the eastern edge of Gowanus, Brooklyn. Designed and developed by Avery Hall with L+Z Architecture as the architect of record, the 175,000-square-foot structure will yield 133 rental units with 25 percent designated as affordable housing, as well as 6,000 square feet of ground-floor retail space. Leeding Builders Group LLC is the construction manager for the property, which is alternately addressed as 272 Fourth Avenue and bound by Carroll Street to the north and 4th Avenue to the east.
Excavation is continuing at 380 4th Avenue, the site of a 17-story residential building in Gowanus, Brooklyn. Designed by GF55 Architects and developed by Quinlan Development Group LLC, the 175-foot-tall structure will span 211,650 square feet and yield 197 rental units with an average scope of 830 square feet, as well as 6,030 square feet of ground-floor commercial space, a cellar level, a 40-foot-long rear yard, and 30 enclosed parking spaces. Fifty of the units will be designated as affordable housing. McGowan Builders Inc. is the general contractor for the $78 million project, which is located between 3rd and 6th Streets.
Earthwork is getting underway at 164 4th Avenue, the site of a 17-story residential building in Gowanus, Brooklyn. Designed by SBLM Architects and developed by JLL Capital Markets, the 142,000-square-foot structure will yield 160 rental apartments with 30 percent designated as affordable housing, as well as 12,391 square feet of ground-floor commercial space. ECD NY, Inc. is the general contractor for the project, which is located at the corner of 4th Avenue and Douglass Street.
Façade installation is progressing on 420 Carroll Street, a two-tower residential complex in Gowanus, Brooklyn. Designed by FXCollaborative and developed by Domain Companies, the project consists of a 20-story, 224-foot-tall tower and a shorter 15-story sibling and will yield 360 units with 25 percent reserved for affordable housing, as well as 27,500 square feet of retail space, 7,700 square feet of “Gowanus Mix” space pursuant to the 82-block district rezoning, and a new public promenade along the Gowanus Canal. Studio Mainer is the interior designer, Scape is the landscape architect, and Mega Contracting Group is the general contractor for the development, which strands on a trapezoidal plot bound by Carroll Street to the north, the Powerhouse Arts building and its parking lot to the south, and the Gowanus Canal to the west.