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By Accord Real Estate Group

Gowanus Green Project Inches Closer

February 22nd 2017
Tags: All about Brooklyn New York, Brooklyn Real Estate

Ferrara Brothers Gowanus Concrete Plant has an amazing history. The company was founded in 1969 using old cement mixers and they became the concrete suppliers for The Second Avenue Subway, The 9/11 Memorial and NYC Water Tunnel No. 3. Ferrara Brothers Concrete currently operates plants in Queens, Staten Island and Brooklyn.

In 1974, just one year after opening their Gowanus Plant located at 435 Hoyt Street, the city used eminent domain to seize Ferrara’s Hoyt Street land. Ferrara has rented from the city ever since then.

After more than 40 years, Ferrara Brothers will be building a new concrete manufacturing facility in Sunset Park located at 740 Third Avenue, activating an underutilized property. The new plant will be a $15M state of the art, environmentally friendly plant which will also have a compressed natural gas fueling station that will supply 15 cement mixers and will be open to the public.

What Ferrara Brothers Concrete Plant’s departure from 435 Hoyt Street means is the long planned, 6 acre Gowanus Green residential and mixed use development is getting closer to being built.

Hudson, lead developer on the project will partner with Fifth Avenue Committee, The Bluestone Organization and Jonathan Rose Companies. This team of developers was selected by The NYC Department of Housing Preservation & Development in 2008.

The project was designed by an award winning team led by Rogers Marvel Architects with Landscape Architects Starr Whitehouse and West 8.

The mission of this group of developers, architects and landscape architects is a commitment to sustainable (LEED certification for each building built), affordable housing and community open space that celebrates the history and uniqueness of The Gowanus Canal.

The Gowanus Green project will have 8 residential buildings with 774 units (70% of which will be permanently affordable units), ground floor retail space, waterfront open space, a city owned park and a waterfront community facility. Over 50% of the site is planned for landscaping, parks and other recreational uses for example there will be a Canal Park with an outdoor amphitheater, Swale Trail and Rain Garden.

The retail component of Gowanus Green will include a Wellness Center, a weekly Farmers Market, Daycare, a Plant Nursery, Art Gallery, Bicycle Shop and a Bar/ Restaurant. 

If you are planning to sell your Brooklyn, Manhattan or Queens  property, whether it is a residential property, a commercial building, mixed use, multi family, vacant land, coop or condominium or a development opportunity, call us. You will be very happy that you did.

Thank you.

Accord Real Estate Group