The development has waterfront views of the Gowanus Canal and several amenities. The 21- and 16-story buildings are the first properties developed after the 2021 Gowanus rezoning.

A housing lottery launched this week for 90 mixed-income apartments at the first residential project developed under the Gowanus rezoning. The two-tower rental at 420 Carroll Street includes 360 apartments, 25 percent of which are priced below market rate, commercial space, and a new public promenade along the Gowanus Canal.

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.

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