395 Carroll Street
Update
06/06/24
Dev Lands $286M Loan for 2-Building Residential Project in Gowanus
Developer, , recently secured a $286 million loan for a 2-building, residential project, going up in Brooklyn's Gowanus neighborhood. Issued by G4 Capital Partners, this influx of capital will be used to fund construction costs. Designed by , and being constructed simultaneously by general contractor, , the buildings will contain 604 units combined.
The larger of the two structures will be addressed as 395 Carroll Street. This 23-story, dual tower building, is set to contain 425 apartments.
Plans also call for 28,688 square feet of commercial space (likely retail), and an enclosed parking garage, with enough room for 48 vehicles. 395 Carroll Street will stand 225 feet tall and total 386,791 square feet.
The smaller structure is a 9-story, residential development, going up at 325 Bond Street. This building is set to contain 179 apartments.
Plans also call for 22,941 square feet of commercial space (likely retail), and an enclosed parking garage, with enough room for 44 vehicles. 325 Bond Street will stand 85 feet tall and total 179,975 square feet.
395 Carroll Street and 325 Bond Street are being constructed directly across the street from each other, and both buildings will sit on the banks of the Gowanus Canal. Work is expected to wrap up by the fall of 2025.