Very few new manufacturing buildings have risen in the low-slung area around the Gowanus Canal, but one developer is turning the tide with plans for a 13-story industrial project at 148 Third Street, between the Third Street Bridge and the canal.
Alloy Development has acquired the vacant 4,100 square-foot parcel at 431 Carroll Street, in Gowanus, for $2.8 million, Crain’s reports. Located two blocks west of the Union Street stop on the R train, the developer plans to build their new headquarters at the site in the form of a three-story, roughly 8,000 square-foot building. The ground floor will be leased as retail space and the upper floors will contain between 5,000 and 6,000 square feet of office space. The developers expect to break ground by 2017 for a 2018 completion. Alloy Development will likely design the project in-house.
Heritage Equities is trying to secure city approval for Williamsburg’s first new office building in decades, and now developers hope to build offices in another one of Brooklyn’s hot industrial zones – Gowanus. Plans were filed yesterday for a four-story office building at 84 14th Street, only a block and a half from the Gowanus Canal and the elevated Gowanus Expressway.
Over the summer was when YIMBY last checked in on the two-building, 700-unit development under construction at 363-365 Bond Street, in Gowanus. At the time, the Lightstone Group’s building at 365 Bond was structurally complete and getting its curtain wall, and foundation work was ongoing at 363 Bond. Today, 365 Bond is wrapping up construction and its leg of the public esplanade along the Gowanus Canal is receiving its finishing touches, Pardon Me For Asking reports. Meanwhile, since Atlantic Realty Development acquired the 363 Bond site, the building has risen four stories. 365 Bond is expected to be completed within the next few months, and 363 Bond will probably wrap up construction in 2017. Both buildings will include small retail and community facility components.
Alloy Development is seeking to build two 104,000 square-foot office buildings at 234 Butler Street and 242 Nevins Street, in northern Gowanus, located four blocks from the Union Street stop on the R train. DNAinfo reports those are the same properties the city is looking to seize through eminent domain to build two underground sewage tanks. The U.S. Environmental Protection Agency has ordered the construction of the tanks, and is recommending for them to be built under Thomas Green Park, an adjacent block. Alloy has offered the city 138,000 square feet of public park space if they were to develop the properties, which both owners have already agreed to. The EPA says the adjacent park would have to be decontaminated regardless, and the agency will make the final decision on the tanks’ location in the next few weeks.
