300 Nevins Street
Update
07/02/24
Devs Land $300M Loan for Massive 2-Building Project in Gowanus
Joint developers, Tavros Capital and Charney Companies, have just secured a $300 million loan for a 2-building, mixed-use development, going up at 300 Nevins Street in Brooklyn's rapidly evolving Gowanus neighborhood. Issued by Affinius Capital, this influx of funds will cover most (if not all) construction costs associated with the project.
The development will consist of a taller, 22-story tower, and a slightly shorter, 17-story tower. Combined, the structures are set to contain rental apartments. Approximately 25% of these units will be dedicated to affordable housing.
Plans also call for square feet of retail space, spanning the ground floors of both structures, as well as 10,692 square feet of community facility space.
Tenant amenities are to include co-working spaces and fitness centers for each building, as well as multiple common spaces.
Sitting on the banks of the Gowanus Canal, the development will also feature a waterfront esplanade, which will be open to the public.
Designed by , 300 Nevins Street will total square feet altogether. is serving as the general contractor of the project and excavation is well underway. Work is anticipated to finish by the spring of 2026.
The project site spans square feet and is bound by Nevins Street to the east, Carroll Street to the south, Gowanus Canal to the west, and Union Street to the north. Tavros Capital purchased the lot back in December of 2021 for a whopping $102 million. The previous owner, Property Markets Group, made an absolute killing on that sale, having only purchased the property for $14 million just 9 years prior in December of 2012.