A big step forward for Gowanus: Monadnock secures $175M to bring 300 new apartments — including 75 affordable units — to 155 Third Street. 🏗️🌆 Retail will tie directly into the upcoming Gowanus Greenway, expanding Brooklyn’s waterfront network. ---- #developmentnews #constructionupdate #brooklyn #multifamily #CRE
The Modern Builder, by Adam Stark: Daily Digest 155 Third Street — Brooklyn, NY 🏙️🚧 🔹 Project Scope The 22-story development will deliver 300 units — 225 market-rate and 75 affordable — plus 30K sq. ft. of retail, artist, and commercial space. The project is vested under the 421-a Affordable NY program and spans 250K+ sq. ft. Completion is slated for Q4 2027. 🔹 Amenities Residents will access a pool + terrace, sky lounge, fitness + yoga studios, coworking areas, a cocktail lounge with fireplace, screening + party rooms, and multiple outdoor spaces overlooking the harbor and Downtown Brooklyn. 🔹 Location & Connectivity Sited at the crossroads of Gowanus, Carroll Gardens, Park Slope, and Downtown Brooklyn, the project anchors new waterfront activation. Retail frontage will connect directly to the 7-acre Gowanus Greenway Esplanade, part of the Brooklyn Waterfront Greenway linking parks + neighborhoods. Steps from a top-performing Whole Foods. 🔹 Project Teams Developer: Monadnock Development Capital Markets: JLL Lenders: PCCP + U.S. Bank Design: Dattner Architects, Bernheimer Architecture ⸻ #construction #multifamily #development #brooklyn #CRE
