Toll Brothers' Gargantuan Gowanus Plans Revealed
HOLY COW! Gowanus Lounge has scored a tremendous scoop by unearthing the “scoping document” Toll Brothers filed with the Department of City Planning for its planned development between the Gowanus Canal, Bond Street, Carroll Street and Second Street. The firm is certainly not thinking small: Toll wants to build a 605,380-square-foot development with 577 units…
HOLY COW! Gowanus Lounge has scored a tremendous scoop by unearthing the “scoping document” Toll Brothers filed with the Department of City Planning for its planned development between the Gowanus Canal, Bond Street, Carroll Street and Second Street. The firm is certainly not thinking small: Toll wants to build a 605,380-square-foot development with 577 units of housing (130 of them affordable), 2,000 square feet of “community space,” and 2,000 square feet of retail. The buildings would be 4-12 stories tall. City Planning is going to hold a public scoping meeting on the project early next month. Toll Brothers has been looking to get a jump on the larger rezoning of Gowanus in order to move forward with the development, which it says it could complete by 2011.
The Starting Bell: Toll Brothers Reveal Gowanus Plans [Gowanus Lounge]
Toll Brothers Big Gowanus Project Revealed [Curbed]
Rendering from Gowanus Lounge.
It will be impossible to get flood insurance there.
No one is going to financially benefit from this project unless you are a Toll or win a lawsuit when you or your kids become ill. These are most likely going to be rentals. If you believe Gowanus is a going to be the hottest neighborhood there are things on the market now you can buy or contact the Third and Bond developers.
I think they meant completed in 3011.
Here is why this will not happen in our lifetime:
Developers are stupid, the city and state are too, but there is one thing they are keenly aware of and that is the Tort Bar of America.
Lawyers will be salivating to see this thing built, because all it will take is 1 person to come down with cancer, and they will pounce. They will find 1 micron of PCB’s or some other pollutant and the class actions will start rolling in…
me and the tWhat are gonna get a homo-erotic love nest here.
“Anyone savvy about real estate knows that Gowanus is going to be the hottest new neighborhood in NYC.”
C’mon, man! This website is about overpaying for $3 million brownstones in prime Slope, not about benefiting from real estate development. Get with the program!
Toll Brothers is not “nearly bankrupt”. As of today, the Company’s publicly traded stock has a value of $3.5 billion. They are the best capitalized of the major homebuilders.
130 of 577 units will be affordable. The remainder, it seems, will not be affordable.
Someday this will indeed by a revitalized area. I agree with poster above: Not in our lifetime.
too small