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499 President Street
Update
07/27/23
Excavation Underway for 350 Unit Mixed-Use Project in Gowanus
Drilling and excavation work is currently underway at 499 President Street; the site of a 9-story, mixed-use development, set to rise soon in Brooklyn's Gowanus neighborhood.
While Mayrich Construction handles excavation on one side of the lot, drilling contractor, Underpinning & Foundation Skanska, is using an auger rig on the opposite side to create holes for the main structural supports.
Mayrich is also in charge of constructing the concrete foundation, and in some areas, the crew has already started to lay rebar in preparation for the next pour.
Jointly developed by The Brodsky Organization and Avery Hall, the building will contain apartments. Offering both market-rate units and affordable housing, these will be available in studio, one, and two-bedroom configurations.
Tenant amenities are to include a fitness center with a yoga studio, resident lounges with co-working spaces, private dining accommodations, game rooms, and a roof deck with an outdoor swimming pool and seating areas. In addition to residential space, the development will feature square feet of ground-floor retail space, and an enclosed parking garage, with enough room for vehicles.
Designed by , 499 President Street will stand feet tall and total square feet altogether.
The irregularly shaped project site spans square feet. Due to being a partial through-lot, the development will have frontages on President Street, Nevins Street, and Union Street.
The project is set to cost $155 million, and general contractor, , is overseeing its construction at the top level. Work is ultimately expected to finish by February of 2025.
