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Construction Starts on 27-Story Tower Beside Powerhouse Arts

A former Verizon parking lot is becoming one of Brooklyn’s largest new residential developments.

Construction has begun on a 27-story development at 175 3rd St. in Gowanus, where foundation work is underway on a site that has stood unused for years, according to Brownstoner.

Designed by Bjarke Ingels Group, the project will bring 1,071 apartments to the corner of 3rd Street and 3rd Avenue, next to the Gowanus Canal and Powerhouse Arts.

The 1.08-million-square-foot complex will rise 281 feet and consist of concrete and glass towers. About 250 apartments are expected to be affordable under the city’s Mandatory Inclusionary Housing program, a requirement tied to the Gowanus rezoning.

Charney Companies and Tavros bought the property from developer RFR for $160 million in April 2025. The city issued the new-building permit in September 2026.

The project adds housing to a neighborhood shifting from industrial uses to residential development. Its location places it beside historic buildings, including Powerhouse Arts, the Brooklyn Rapid Transit power station and the Coignet Building.

The tower will change views along the canal and alter the setting of these landmarks. Its scale also highlights the effects of the Gowanus rezoning, which allowed a larger development than earlier plans proposed.

Plans call for ground-floor retail, artist workspaces, an all-electric building and a rooftop pool. A 28,000-square-foot public esplanade will run along the canal. Landscape architecture firm Field Operations is designing the waterfront space with the city’s Parks Department.

Parts of the site have been excavated, and crews are installing concrete and rebar foundations beside Powerhouse Arts and near the 3rd Street Bridge. No completion date or affordable-housing application schedule was included in the report.

Construction will continue as foundation work progresses; details about leasing and public access to the waterfront space have not been announced.




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