$102M Deal To Bring Another 660 Homes To Gowanus Canal

GOWANUS, BROOKLYN — A $102 million deal this week will bring another development to the Gowanus Canal as a massive rezoning of the neighborhood begins.

The building plans, complete with 660 residential units, come after developers Tavros Capital and Charney Companies bought the 300 Nevins St. lot this week, brokerage firm TerraCRG announced.

The development will bring 60,000 square feet of commercial space and 505,000 square feet of residential space to the property, found near the Union Street bridge. A quarter of the residential spots will be designated as affordable, officials said.

“300 Nevins is in the heart of the Gowanus area, right between Carroll Gardens and Park Slope, and will become one of the most exciting mixed-use projects in Brooklyn,” said TerraCRG CEO Ofer Cohen. “We were thrilled to help facilitate a transaction to deliver a significant amount of housing – including much-needed affordable units – to the neighborhood.”

The Nevins Street property is one of several in Gowanus that developers have snatched up in recent years as a rezoning of the neighborhood, approved by City Council in November, loomed.

Redevelopment projects are also on their way to the lot where bar Lavender Lake stood, another Carroll Street building and a massive site further north on Bond Street, according to reports.

The rezoning — which faced lawsuits from opponents worried about mass development along the polluted canal, among other issues — is estimated to bring 8,200 new apartments to Gowanus.

The Nevins Street building will rise to the newly-allowed 17 to 22 story height allowed under the rezoning, developers say, though they haven't nailed down specific plans yet.