Gowanus Whole Foods isn’t dead, as we speculated last month, it’s just very badly burned. The supermarket needs a developer-partner to finish the job at Third and Third, reports the Brooklyn Paper. But what does that mean? A mini-mall? Another Toll Brothers-style mixed use development? The Fairway model, with residential units above? Nobody knows, since this mysterious developer isn’t named, and since the rezoning of the area is still in progress; if the current plan goes through, the Whole Foods site would be restricted to commercial and manufacturing. Not surprisingly, the root of the problem is money. To get a loan, you need an enormous amount of cash, said commercial broker Chris Havens. It’s not worth it to them to put cash in the building.
Whole Foods Needs a Partner on Gowanus Job [Brooklyn Paper]
Gowanus Whole Foods Looking for Breeding Partner [Curbed]
Photo by mhwolk.