photo credit:: Six To CelebrateGreen Building, a performance, private event space right at the shores of the Gowanus Canal.The listing is by Massey Knakal. The reader, a property owner in Gowanus, received the flier above in the mail last week. No price for the property is included in the listing.
From the description, it is clear that the huge lot is marketed to residential developers, though the zoning does not permit housing at this point.
Here is how the property is being pitched:
"450-482 Union Street is an approximately 28,500 square foot lot located on the southeastern corner of Union and Bond Street with block-through exposure to the Gowanus Canal. The property benefits from approximately 80' of frontage along Bond Street, 100' of frontage along Union Street.
The site is located in a M2-1 zoning district, benefiting from approximately 57,000 square feet of as-of-right development. The property was previously included in the Special Mixed-Use (MX) Waterfront North proposed re-zoning which would allow for commercial and residential development. A maximum FAR of 2.5 (71,250 BSF) would be allowed, which may be increased to 3.3 (94,050 BSF) with an inclusionary housing bonus.
The subject property is currently net leased to a catering company with a lease through 2027. The lease contains a demolition clause that would terminate the agreement for residential development."
According to the Historic District Council, which featured the Gowanus area in their Six To Celebrate program because of its architectural and historic merit of the area, the Green Building at 450 Union Street at the Gowanus Canal: "this site has hosted a variety of industry since the Gowanus first began to operate shortly after the Civil War and is reflective of how long industry has characterized the area. It was previously home to Thomas Paulson & Son, a brass foundry."
This is not the first time that this old brick building is being threatened. Back in 2002, a luxury residential building was planned for that lot. According to the Historic District Council:
"After much community outcry and two years of discussion with the Board of Standards and Appeals, the site was not granted a residential rezoning and the building was saved. The building is being adaptively reused as an event space and serves as a symbol of the strength of the Gowanus community’s determination to preserve its industrial heritage."
This is just one more indication that real estate speculation in Gowanus is rampant. Obviously, realtors are marketing land in the area as though the zoning to residential is a fait-accompli.
Obviously, even re-purposed buildings like the Green Building are in danger of being demolished, and with it, everything that makes Gowanus special.
Get involved, folks!
Read more about the pressures on Gowanus here.