420 Carroll Street
Developers Land $176M Loan for Gowanus Tower Project
Development partners, The VOREA Group, and The Domain Companies have just obtained a $176 million loan for a 21-story mixed-use project, set for 404 Carroll Street in Gowanus, Brooklyn. This influx of capital was issued by Bank OZK and will fund all construction from the ground up.
The building will have a dual-tower design, with the smaller of the two rises topping out at 16 stories. The towers will contain residential units, and square feet of retail space, located on the ground floor. Plans also call for a cellar level and an enclosed parking garage with enough room for vehicles.
The development will then have a large outdoor plaza stretching along the Gowanus Canal, complete with green spaces and seating areas.
Designed by , 404 Carroll Street will stand feet tall and total square feet. The project site has already been cleared and is ready for excavation. Construction is expected to complete by the spring of 2025.