Gowanus Conversion On Ice

A year ago developer Peter Moore, who has been active in the Hudson Square area of Manhattan, paid $12 million for the large warehouse at 92nd 3rd Street. At the time, Moore said he intended to convert the former home of prayer-card manufacturer Abigail Press into a mixed-use complex with a hotel, office space, and art and production studios. Now, however, like so many other projects, the 3rd Street conversion is on hold. Moore says he’s had to “step back from the whole thing” because of a lack of financing. Moore also said the scope of the planned development might change.
Gowanus Sees Major Green With $12M Buy [Brownstoner] GMAP DOB