Corner Development Site in Gowanus
341 Nevins Street
Gowanus
Closed 07/31/2019 at
3,600,000
B14, B17, B45, B46, B49, B65, B71
Details
Overview
TerraCRG has been retained to exclusively represent ownership in the sale of 341 Nevins Street – a corner development site in Gowanus, Brooklyn.
The offering represents a corner development lot in Gowanus that could be developed into several uses including residential, retail or office. The ~4,100 SF lot is located on the corner of Nevins and Carroll Street, a well-positioned intersection surrounded by several sizeable development projects that are in the pipeline, under construction and recently completed. With 130’+ of frontage across the two corners the property is currently located in the middle of the proposed Gowanus Rezoning. The draft framework would rezone this particular lot to R6A/M1-3, allowing for ~14,760 BSF with the MIH, ~12,300 BSF without the MIH or ~12,300 BSF of commercial uses.
Over the past few years, Gowanus has been transformed from an industrial neighborhood into a hub for residential, office, retail and the arts. The property is situated in the proposed Gowanus Rezoning area that will transform the neighborhood into a vastly mixed-use area. The frameworks vision and goals include strengthening existing clusters of light industrial and commercial activity and promote new, job-generating uses, including industrial, arts and cultural uses; Encouraging and reinforcing a vibrant, live-work neighborhood by balancing preservation of neighborhood scale and encouragement of growth; and promoting the creation of an active, accessible, resilient and diverse waterfront esplanade that celebrates the unique nature of the Gowanus Canal.
Attractions
Gowanus has drawn a considerable amount of retail and entertainment attention. One of Whole Foods’ most profitable stores is located on 3rd Street and 3rd Avenue, spanning 52,000 SF and includes a beer garden and eco-friendly lot with solar panels and car-charging stations. Much of Gowanus is currently zoned for commercial use only, which has spurred creative re-positionings of former warehouse and manufacturing buildings into innovative places like Kick-Axe, Dinosaur BBQ, Royal Palms Shuffle Board Club, Ample Hills Creamery, Brooklyn Boulders, The Bell House, 16 Court and more. Restaurants such as Littleneck, Fletcher’s BBQ, Runner & Stone and Four & Twenty Blackbirds are now anchoring the area.