Property Markets Group is in contract to purchase the vacant 166,000-square-foot property at 455-459 Smith Street, in Gowanus, for roughly $50 million, DNAinfo reported. The site – bound by Huntington Street to the south, Smith Street to the west, Fifth Street to the north, and the Gowanus Canal to the east – is zoned for manufacturing. It can support 332,000 square feet of commercial development as-of-right in the form of offices, hotels, retail, and manufacturing/industrial space. The eventual new owner is mulling the idea of building a mixed-use development with a hotel, offices, and retail space, although development plans are in very early stages. The site, once home the Citizens Manufactured Gas Plant, is currently undergoing a remediation headed by National Grid. The plant’s last warehouse structure was demolished years ago. The Smith-Ninth Streets stop on the F and G trains is located a block to the south.
Co-working and office space provider The Yard is converting the three-story, 24,800-square-foot former industrial building at 157 13th Street, in Gowanus, into modern office space. The company recently signed a lease for the entire property, according to Commercial Observer. After construction, the building will boast conference rooms, art installations, keycard access, a rooftop terrace, and a 1,900-square-foot café. The structure will also be restored and will see new windows, polished floors, exposed brick, and skylights. Completion is expected in November of this year. The property, located at the corner of Third Avenue, is located four blocks from the 4th Avenue-9th Street stop on the F/G/R trains.
Storage Deluxe is planning to develop a 1,600-unit self-storage facility at 163 6th Street, in Gowanus, located five blocks from the 9th Street-Fourth Avenue stop on the F/G/R trains. CubeSmart will be operating the facility. The developer ground-leased the 38,125-square-foot property earlier this year in a $10 million deal, DNAinfo reports. Since the site is located within an M1-2 district, the site could accommodate up to 76,250 square feet of commercial or industrial space. Sixth Street Iron & Metal currently conducts their business out of a 4,000 square-foot warehouse on the site, and is planning to move across the street. Demolition permits and new buildings applications have not been filed yet.
Property owners of the Gowanus Arts Building – a three-story, 14,750-square-foot community hub at 295 Douglass Street, in northern Gowanus – are planning to renovate and upgrade their building. The project will see the construction of a theater and gallery on the ground floor, a rooftop vegetable farm, interior renovations to art studios, and exterior upgrades, according to DNAinfo. Spoke the Hub, a nonprofit dance organization, will hold events in the new theater, which will open in early 2017. The roof farm is being dubbed Gowanus Sky Farm and will be designed by Brooklyn Grange. Civic Architecture Workshop is designing the overall project. Construction is expected to begin this summer, although some existing tenants must first move out temporarily.
Back in December of 2015, Alloy Development proposed to build two 104,000-square-foot office buildings, along with 138,000 square feet of public park space, at 234 Butler Street and 242 Back in December of 2015, Alloy Development and the property owners of 234 Butler Street and 242 Nevins Street proposed to build two 104,000-square-foot office buildings and, along with a 50,000 square-foot public park, in northern Gowanus. The proposal aimed to convince two city agencies, the Department of Environmental Protection and the Parks Department, to build two underground sewage tanks mandated by the Environmental Protection Agency under Thomas Greene Park—instead of seizing, through eminent domain, the properties currently ground-leased by Alloy. The EPA has been pushing to install the tanks beneath the park, because it’s already owned by the city and will need to be excavated eventually to clean up contaminants.