The controversial rezoning of the Gowanus neighborhood in Brooklyn, approved by the city at the end of 2021, is already having a noticeable effect on the real estate market.
The New York City Council approved the Gowanus Neighborhood Planning Study, a rezoning that created space for as many as 8,000 new apartments in this corner of Brooklyn, at the end of 2021. At the beginning of 2022, developer interest is pouring into the spaces made available by the rezoning, according to an article by Eddie Small for Crain's New York Business.
Developer Marino Mazzei provides the latest example, filing plans for a project totaling about 385,000 square feet, at 135 feet tall, with 291 residential units. The proposal also calls for retail and light manufacturing uses, reports Small.
"The Sackett Street project is just the latest major residential development headed to Gowanus in the wake of the neighborhood’s controversial rezoning, a lengthy effort that the City Council passed in late 2021," writes Small. "Real estate firms including the Vorea Group, Orange Management and Quinlan Development began filing plans for large projects in the Brooklyn neighborhood even before the rezoning passed, and these types of projects have continued in the wake of its successful approval."
More examples are included in the source article below, along with more details about the most recent development proposal.
FULL STORY: Rezoned Gowanus getting another major residential project
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City of Albany
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research