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By Accord Real Estate Group

The Good, The Bad and Getting Better – A Gowanus Update

November 10th 2015
Tags: Brooklyn Blog, Brooklyn Real Estate

To all Brooklyn Real Estate Companies and Brooklyn Real Estate Agents, let’s start out with the good news.

The Department of Education has plans to build a public pre K facility to be located on 3rd Avenue and 9th Street. According to The School Construction Authority, the school will be open in 2018. This school will serve to reduce the overutilization of existing school facilities in District 15 and Community Board 6.  For Gowanus and Park Slope parents this means a full day high quality spot for their 4 year old child.

Now for some bad news. The Gowanus Canal is one of, if not the most toxic waterways in the USA. Originally, the canal was a wetland and home to many fish and animals surrounding that ecosystem. The Gowanus eventually became polluted as Brooklyn developed. Today, as much as 400 million gallons of raw sewage are dumped into the canal every year. The tragic point here is that The Gowanus Canal has immense historical significance in Brooklyn, dating back to the Colonial era.

Now, the news gets better. The States Department of Conservation has given developer Lightstone Group a thumbs up on their completion of an environmental cleanup at 365 Bond Street, overlooking the Gowanus Canal,  where a high rise residential rental complex is being built. Scott Avram, Lightstones’s Senior V.P. of Development says that “ the site is 100% clean and 100% safe and it has been certified as such”. “ There are no contaminants, there is no environmental risk and it’s ready for people to occupy”.

The building at 365 Bond Street will have 430 units, 86 of which will be reserved for low income renters. These apartments will be given out via a lottery. Applications are now available for that lottery.

Accord Real Estate Group is currently marketing a 3 family house in Gowanus, located at 297 3rd Avenue, between Carroll and 1st Streets. The asking price is $1.975M.

For more information about Gowanus real estate call us at 718-375-2065.

If you are planning to sell your Brooklyn Property, whether a residential property, a commercial property, mixed use, multi family, vacant land or a development opportunity, call Jeff and Anna. You will be very happy that you did.