Tavros Capital and Charney Companies are set to develop their fourth apartment complex in Gowanus, acquiring a three-acre site formerly used as a parking lot for $160 million. While a striking design by Bjarke Ingels Group was initially proposed, the new owners haven't confirmed their specific plans. The developers aim to construct a sizable 1,000-unit residential complex that emphasizes their commitment to the neighborhoodâs transformation. With an already-remediated site and a valuable 421-a tax break, the site is seen as a rare opportunity for large-scale multifamily developments in Brooklyn.
Charney Companies COO Justin Pelsinger described the site as 'a truly scarce opportunity' and expressed commitment to shaping the neighborhoodâs future.
The new owners intend to develop a 1,000-unit residential complex, significantly larger than the previous project envisioned for the Gowanus site.
Developers Tavros Capital and Charney Companies acquired the property for $160 million, highlighting its potential with an existing 421-a tax break.
The design initially proposed by Bjarke Ingels Group for the parking lot may not move forward following the ownership change.
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