Two Sites in Gowanus Hit the Market
Two potential development sites have just gone on the market at 420 and 430 Carroll Street, reports the Brooklyn Paper. 420 Carroll (pictured left) is a 52,000-square-foot, mostly one-story building with 6,000 square feet of land. It also has some frontage along the Gowanus Canal. Both sites can be rezoned for residential and mixed-use development…
Two potential development sites have just gone on the market at 420 and 430 Carroll Street, reports the Brooklyn Paper. 420 Carroll (pictured left) is a 52,000-square-foot, mostly one-story building with 6,000 square feet of land. It also has some frontage along the Gowanus Canal. Both sites can be rezoned for residential and mixed-use development under the proposed MX Waterfront South Zoning, and the broker hopes the sites will attract buyers due to their potential for redevelopment. There are no asking prices on the properties.
Two Potential Development Sites on Market in Gowanus [Brooklyn Eagle] GMAP
Photos via Property Shark
I thought I recognized the name in red lettering on the side of 420 Carroll. It’s none other than the rather notorious Alex Figliolia, also known as Mr Fig, and his son Alex Jr. Their plumbing business charged the MTA $65-135 per hr while they payed their unlicensed immigrant workers $8 ph. What’s that gurgling sound? Oh, it’s just our tax dollars going down the john.
My understanding, (and it’s just local gossip) is that a very small area of the Gowanus got re-zoned (the area that includes the former Toll Brothers site) and a much larger area was being pushed to be re-zoned, political favors being called in, etc. Since the crash, re-structuring, recession, whatever you want to call it, the powers that be stopped pushing for a re-zoning so as of now it’s not even on the table. If things turn around, then it would have to re-visited, but as of now it’s dead. Anyone know for sure if that’s the case?
Note to self: write new screenplay with the working title “Superfund Me!”…
what’s a reasonable psf market comp for a shell in gowanus?
I don’t know anything about a hold on the zoning decision – I think it’s just that certain developers pulled their proposals for condos off the table after the Superfund came through, mostly for marketing reasons.
Anyway, a residential conversion seems like an unlikely event (and a bad idea) at this point in time for these buildings. As much as I’m a proponent of Gowanus (and live there myself), this is just too close to the canal – within smelling distance on many days, I imagine, and close enough that I would worry about what I’m breathing all the time. Even just a little further up this block is fine, but these buildings are just too close, IMO. Guess that doesn’t necessarily mean it won’t happen, though.
It should stay commercial/light industrial…
I know someone who would have interest on the 430 place but no price on it?? wtf??
I’m not sure the zone change was put on hold it’s just that developers were waiting for the outcome of the Superfund decision on the canal.
What’s the point of this post other than to shill for a real estate company? Didn’t the whole zone change thing get put on indefinite hold? As far as these two sites, with no prices available, what’s the point? Sounds like a fishing expedition for a buyer with more dollars than sense.