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540 DeGraw Street
Update
11/22/23
Environmental Remediation in Progress Ahead of Gowanus Mixed-Use Project
Environmental remediation is currently in progress ahead of a 10-story, mixed-use project, set to rise at 540 DeGraw Street in Brooklyn's Gowanus neighborhood.
The site was formerly occupied by part of the Fulton Manufactured Gas Plant and a large white tent now stands in the center of the property as contaminated soil is being removed and carted away.
Developed by The VOREA Group, and project partner, The Domain Companies, the new development will be known as "Majestic". It will offer rental apartments, with 25% of the units to be set aside for affordable housing programs. The building will also contain square feet of ground-floor commercial space, consisting of restaurants and neighborhood retail.
Plans additionally call for a dedicated studio space for local artists, a roof deck for building tenants, and an enclosed parking garage, with enough room for vehicles.
Designed by , with serving as the general contractor, Majestic will stand feet tall and total square feet. The building is being engineered for LEED Platinum certification. Construction is anticipated to finish by March 2025, although this may be a little optimistic given the current state of progress.
