Recognition
The rentals reshaping Gowanus: A guide to the neighborhood’s new apartment buildings
6sqft
Thanks to a 2021 rezoning expected to create 9,000 new apartments, paired with an environmental clean-up of the long-contaminated canal, Gowanus is booming. More than 140 residential buildings are planned for the neighborhood, and several are already completed, attracting individuals and families seeking amenity-rich buildings and easy access to Manhattan and other parts of the borough, while being relatively more affordable than neighboring Carroll Gardens and Park Slope. At the center of the community is the Gowanus Canal, which, as its federally-mandated Superfund cleanup continues, is expected to become a new waterfront park, flanked by a promenade, retail, and recreational space. As development continues to reshape the neighborhood, we’re taking a look at the best new rental projects in Gowanus.
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The Rise of the All-Electric Luxury Kitchen
The New York Times
For developers of multiunit high-rises, where space is at a premium, the tidy footprint of the technology is particularly appealing, said Jason Hill of The Domain Companies, the developer behind 420 Carroll Street in Brooklyn, a new, all-electric, high-end apartment building. (In New York City, Local Law 97, which prohibits gas line installations in most new residential high-rises, went into effect this year.)
The kitchens feature ranges set into custom-made cabinetry with elements borrowed from old-fashioned Shaker furniture, which provides a warmer, almost suburban look, said Mr. Hill. It also sets them apart from the spare, flat laminate cabinets found in most apartments.
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The kitchens feature ranges set into custom-made cabinetry with elements borrowed from old-fashioned Shaker furniture, which provides a warmer, almost suburban look, said Mr. Hill. It also sets them apart from the spare, flat laminate cabinets found in most apartments.
Jasper development in LIC welcomes three more retailers
QNS
Three new retailers have recently opened at Jasper, bringing the total number to seven retailers at the mixed-use development, located at 2-33 50th Ave. in the Hunters Point section of Long Island City. The retailers, Matsuzuki Sakura, Frankie’s Brooklyn Pizza and Stretchlab, join Club Pilates, Glowbar, Dumbo Market and Kidstrong.
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Gowanus Becomes Brooklyn’s Biggest Development Story
The Commercial Observer recognizes 420 Carroll for its deep foundations and waterproof design.
A rezoning and the proximity of brownstone Brooklyn help developers cross the marketing rubicon of building along the area’s canal. For 420 Carroll, a 360-unit mixed-use building that the Domain Companies built along the banks of the canal, DeSimone had to ensure that the foundation was deeper than usual. “The building structure had to be sensitive to potential hydrostatic loads from flood conditions or elevated water levels,” said Boykin. “We want to isolate the interior of the building from any potential unknowns that may exist given the legacy of the project by compartmentalizing the below-grade enclosure of the building, so that there’s no opportunity for gas or leaching of unknown pollutants into the building.” Boykin needed to come up with worst-case scenarios for potential flooding, and defend against them. “All of the low-grade conditions of the building are wrapped in a bathtub of waterproofing up to the design flood elevation,” said Boykin. “So, in concept, the water level can rise, but it can never get into the building.”
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Dumbo Market opens in Jasper, new mixed-use development in LIC
QNS
The Brooklyn-based grocery store Dumbo Market has officially opened its newest location at Jasper, a mixed-use development at 2-33 50th Ave. in the Hunters Point section of Long Island City.
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The Barnett debuts refreshed look in New Orleans Warehouse District
New Orleans City Business
The Barnett, a hotel in New Orleans’ Warehouse Arts District, has unveiled a major transformation, featuring redesigned guest rooms, upgraded suites, a refreshed rooftop pool and bar, and enhanced dining and music offerings.
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Massive Long Island City mixed-use project inks $290M refinancing
Crain's New York Business
The real estate team behind a sprawling mixed-use project in Long Island City has closed on a $290 million refinancing for the development. The Domain Cos., LMXD and Bridge Investment Group have secured the financing from Wells Fargo for Jasper, a project on Fifth Street between 49th and 50th avenues in the bustling Queens neighborhood that contains 499 residential units and 10 retailers, the companies announced Thursday. The deal upsizes and replaces Wells Fargo's prior $220 million construction loan for the development, which is more than 65% leased after six months.
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Manhattan real estate firm buys longtime development partner to bring services in-house
Crain's New York Business
A Lower Manhattan-based real estate firm known for its large outer-borough projects has acquired its frequent development partner to help speed up its growth in the city and bring brokerage and construction services in-house, the two firms announced Tuesday.
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Domain Cos. acquires Vorea Group, expanding its real estate development capabilities in NYC
NYBJ
Manhattan-based Domain will take over The Vorea Group and its affiliates' development operations, the company announced in a statement. The deal includes Igloo, a brokerage focused on food and beverage, retail, creative office and maker space, and Vorea Construction Co., a full-service general contractor.
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Domain Companies Scoops Up Vorea Group in Latest Acquisition
Commercial Observer
Real estate development and investment firm The Domain Companies has acquired The Vorea Group, a real estate company with several affiliates, the companies announced.
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