Daily News: Gowanus Could Be the Next Dumbo
Yesterday, Aptsandlofts said Bed Stuy is the new Williamsburg and today The New York Daily News says Gowanus is the new Dumbo. Two young developers who have purchased a pair of former factory buildings at the corner of 3rd and Hoyt in Gowanus say they plan to convert them to chic retail spaces and offices….
Yesterday, Aptsandlofts said Bed Stuy is the new Williamsburg and today The New York Daily News says Gowanus is the new Dumbo. Two young developers who have purchased a pair of former factory buildings at the corner of 3rd and Hoyt in Gowanus say they plan to convert them to chic retail spaces and offices.
The Daily News reports that former Two Trees guys Aaron Lemma and Asher Abesera plan for 68 and 80 3rd Street to become LIVWRK, “a hub for creative professionals and artisanal shops.” They say they want the 80,000-square-foot properties, formerly the New York Vitrified Tile Co., to be a mix of local and national brands. They suggest bespoke tailors, bakeries, Restoration Hardware or even a J. Crew Liquor Store as tenants.
The complex would join the new Whole Foods, restaurants, planned boutique hotels, and lots of artisanal industrial businesses in the area. We have no idea how much the duo paid or plan to pay for the two buildings because the sale hasn’t hit public records yet. Based on the lack of ownership history and permits, it looks like the industrial buildings have been vacant for a long time.
Gowanus Canal Zone Steadily Becoming the Next Dumbo [NY Daily News]
everywhere is the new somewhere else. i just want to live where i am
God, I remember Aaron Lemma as a small time realtor hustling iffy housing stock. He has certainly come up in the world to be developing two big pieces of property now. And yes, he is young.