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January 8, 2009

City Planning Reviews Gowanus Rezoning

toll-brothers-gowanus-0109.jpgThe City Planning Commission held its hearing yesterday on the 3-acre rezoning of Gowanus to clear the way for Toll Brothers' proposed 460-unit development, reports The Real Deal; the developer expressed confidence in its ability to finance the project. Gowanus Lounge thinks it's a pipe dream in this environment. CPC will vote on February 17, followed by the City Council within 50 days.




Posted by Brownstoner at 10:44 AM | Comments (3)
Categories: Development, Gowanus

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Comments

I look forward to the inevitable: the rezoning passes, Toll Brothers digs a huge hole in the ground, then it sits there for a decade. :P

Posted by: cwbuecheler at January 8, 2009 11:01 AM

This is pure folly - Wholefoods couldnt clean up their lot on the Gowanus for a store - and these developers think they are going to be able to clean and insure lots for residential living?? Who would finance something like this - I mean its not 2007 anymore.

I do like the picture with the Water Taxi - opening the Gowanus up for water based transport is an avenue that should be explored.

Posted by: fsrg at January 8, 2009 1:26 PM

Here and Bed Stuy will be the place to invest when this economic depression ends.

***Bid half off peak comps***

Posted by: Brownstones Half Off at January 8, 2009 2:26 PM

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