NEW YORK — The first residential high-rise built after recent rezoning in Gowanus, Brooklyn hits the affordable housing market this week.

The Domain Companies and VOREA Group have launched leasing for 420 Carroll, reportedly the first building developed through the 2021 Gowanus Neighborhood Rezoning. The project will bring 360 mixed-income apartments, 27,000 square feet of commercial and retail space and a 470-foot-long public promenade along the canal.

The Domain Companies and VOREA Group launched leasing for 420 Carroll, the first building developed through the 2021 Gowanus Neighborhood Rezoning. The project will bring 360 mixed-income, high-quality apartments, with 25 percent of affordable homes serving between 40 and 100 percent of the area median income, 27,000 square feet of commercial and retail space, and a 470-foot-long public promenade along the canal. 420 Carroll combines a breadth of premier amenities and a unique approach to design that emboldens the neighborhood's rich culture and artistic character in hospitality-styled spaces. Designed by FXCollaborative and with interiors by Alan Mainer Studios, construction began in May 2022, and move-ins will begin in Fall 2024

Developers The Domain Cos. and Vorea Group announced that 420 Carroll Street, the first development launched after the 2021 Gowanus Neighborhood Rezoning, has commenced leasing.

Today the Domain Companies announced more details regarding Estela, the two-building rental development just one stop away from Harlem, NY. Estela, which has 380 market rates and 164 affordable rental apartments to Mott Haven, is 80 percent leased. This milestone follows a year of leasing, with residents moving in as of May 2023. The Domain Companies provides in-house leasing for Estela, the fastest leasing new development in Mott Haven, from an on-site office.

“Achieving eighty percent leased reflects the vibrant and unique offerings at the two buildings,” said Matt Schwartz, Co-CEO of the Domain Companies.

After the state’s affordable housing policy lapsed last summer, developers went nearly a year without a functioning market for multifamily construction. It wasn’t the only headwind. Still, New York City’s 20 most active developers were building more than 27 million new square feet of real estate, according to The Real Deal’s ranking of active new building filings — a substantial uptick from years past, due partly to approaching deadlines for the lucrative 421a tax abatement.

Chef Shannon Bingham of Devil Moon BBQ and Brewery Saint X turns to a Weber Smokey Mountain at home. “It’s pretty rare that I want to spend all day smoking brisket or pulled pork at home, but when I do, the Smokey Mountain is my go-to cooker,” said Bingham. “It maintains heat super well and burns through wood at a slow and efficient rate so I don’t have to spend all day tinkering with a fire box.”

Construction has topped out on Jasper, a 13-story residential building at 2-33 50th Avenue in the Hunters Point district of Long Island City, Queens. Designed by S9 Architecture and developed by The Domain Companies, LMXD, Bridge Investment Group, and The Vorea Group, the 125-foot-tall structure will span 550,000 square feet and yield 499 units in studio to three-bedroom layouts with 150 reserved for affordable housing, as well as 40,000 square feet of retail space, 503 square feet for a community facility under the Brownfield Award, 111 enclosed parking spaces, and a 30-foot-long rear yard.

Façade installation is making progress on 420 Carroll Street, a two-tower residential complex in Gowanus, Brooklyn. Designed by FXCollaborative and developed by Domain Companies, the project consists of a 20-story, 224-foot-tall tower and a shorter 15-story sibling and will yield 360 units with 25 percent reserved for affordable housing, as well as 27,500 square feet of retail space, 7,700 square feet of “Gowanus Mix” space pursuant to the 82-block district rezoning, and a new public promenade along the Gowanus Canal.