First project under Gowanus rezoning launches leasing for luxury apartments

The first project developed under the Gowanus rezoning has launched leasing. Developed by Domain Companies and VOREA Group, 420 Carroll consists of a 21-story tower and a 16-story tower connected by an underground tunnel. Situated on the Gowanus Canal, the development includes 360 apartments, with market-rate rentals currently priced from $3,925/month for studios to $9,600/month for three bedrooms. Approved by the city in 2021, the rezoning upzoned 82 blocks of the neighborhood to create 8,500 units of housing and new open space.

Designed by FXCollaborative with interiors by Alan Mainer Studio, 420 Carroll’s facade features metal panels in a geometric design and both towers are expected to receive LEED Gold or Platinum level certification. The development includes 27,000 square feet of commercial space and a 470-foot-long public promenade along the canal. Construction kicked off in May 2022 and move-ins are expected this fall.

Of the 360 apartments, 25 percent will be set aside as affordable to households earning between 40 and 100 percent of the area median income. Homes feature open floor plans, plank wood flooring, custom kitchens with a paneled fridge and dishwasher, and Bosch washers and dryers; some units come with walk-in closets and private terraces.

The tunnel connecting the towers allows residents to access amenities in both buildings, including a lobby lounge, a library, co-working spaces, multiple outdoor greenspaces, a fitness center, a children’s playroom, bike storage, and more.

Current availability starts at $3,925/month for a studio, $4,975/month for a one-bedroom, $7,375/month for a two-bedroom, and $9,600/month for a three-bedroom.

“At a time when new apartments are desperately needed throughout the city, 420 Carroll offers 360 new, mixed-income homes equipped with state-of-the-art amenities and a unique, sustainable design that draws inspiration from the surrounding Gowanus neighborhood,” Matt Schwartz, co-CEO of The Domain Companies, said.

“Following the 2021 Gowanus Rezoning, we looked to reimagine what a vibrant residential community could look like in the area, and 420 Carroll will provide its residents with a bustling environment to set their roots, from its outdoor greenspaces to its coworking space, to the lively restaurants, shops and cultural scene of Gowanus itself. We are excited to welcome residents to 420 Carroll.”

The rezoning covers the area around the Gowanus Canal, a toxic Superfund site undergoing a cleanup, that will lead to the creation of nearly 8,500 units of housing, with roughly 3,000 affordable, new parkland, and four acres of open waterfront space. About half of the planned apartments are in the planning or construction phase. New developments include 267 Bond Street and 510 Nevins Street, 310 and 340 Nevins Street, 499 President Street, and 585 Union Street, among others.

Currently, the Environmental Protection Agency is working to remove 581,000 cubic yards of polluted sediment from the canal. Last year, the city broke ground on two new underground storage tanks to prevent 12 million gallons of sewage overflow from entering the canal during flooding events, as 6sqft reported.

The $1.5 billion clean-up effort is more than six years behind schedule. According to Gothamist, a report released by the EPA inspector general earlier this year found toxic sewage is still unloading into the cleaned parts of the canal during heavy rains, which may require portions to be re-dredged.

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