October 22, 2019

Industry pushes back on tenant coalition agenda

HOT NEIGHBORHOOD — “Gowanus gold rush: Avery Hall, Tavros, Charney buy sites for $55M,” by The Real Deal’s Eddie Small: “Avery Hall Investments is doubling down on its Gowanus bets with another major purchase. The firm struck up an unusual partnership with Tavros Holdings and Charney Development & Construction to buy 232 3rd Avenue, 532-542 Union Street and 495-499 President Street for $55 million, according to TerraCRG, which brokered the deal. The adjacent parcels span about 52,000 square feet — 33,550 square feet at Third Avenue and 18,845 square feet at Union and President Streets — and should provide about 233,000 buildable square feet if a pending neighborhood rezoning goes through.”