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Permits & development · Deals & development · 11/05/2026, 3:00 PM

Construction Starts on 27-Story BIG Tower at 175 3rd Street in Gowanus

Foundation work is underway at 175 3rd Street, a former Verizon lot next to Powerhouse Arts. The Bjarke Ingels Group design, made possible by the Gowanus rezoning, calls for a 281-foot, all-electric complex with retail, artist workspaces and a rooftop pool. The prior owner, RFR, had already secured a 421-a tax abatement.

Reported by BrownstonerRead the original ↗

Photo: Brownstoner

What happened

Construction has started at 175 3rd Street in Gowanus, Brooklyn, Brownstoner reported on 11/05/2026. The site sits at the corner of 3rd Street and 3rd Avenue, across from Whole Foods, the Coignet Building and the American Can Company Building. It borders the Gowanus Canal and Powerhouse Arts. The lot was once a Verizon parking lot with single-story industrial buildings, all now torn down.

Parts of the lot have been dug out. Concrete and rebar foundations are going in along the line next to Powerhouse Arts and along 3rd Street near the bridge. Permits for excavation and foundation work were issued in 2025. A new-building permit was issued after that for a 27-story tower with 1,071 apartments. Brownstoner says the plan, designed by the Bjarke Ingels Group with Dencityworks|architecture, is 281 feet tall and 1.08 million square feet. The Gowanus rezoning allowed it to grow well beyond earlier designs, almost tripling the apartment count.

About 250 apartments will be affordable under the city's Mandatory Inclusionary Housing program, which the Gowanus rezoning requires. The all-electric complex will also have ground-floor retail, artist workspaces, a rooftop pool and roof terraces. The rezoning also requires a 28,000-square-foot public esplanade along the canal, designed by Field Operations with the city's Parks Department to absorb stormwater and reduce flooding.

Developers Charney Companies and Tavros bought the site from developer RFR for $160 million in 2025. RFR had already secured a 421-a tax abatement and finished environmental cleanup. Across the 3rd Street Bridge, a separate 22-story, 300-unit building at 144 2nd Street by Monadnock Development is well under way.

Key facts

Address
175 3rd Street, Gowanus, Brooklyn (corner of 3rd Street and 3rd Avenue)
Units
1,071 apartments, about 250 affordable under Mandatory Inclusionary Housing
Size
27 stories, 281 feet, 1.08 million square feet
Developer
Charney Companies and Tavros
Architects
Bjarke Ingels Group with Dencityworks|architecture
Purchase price
$160 million, bought from RFR in 2025
Tax benefit
421-a tax abatement secured by prior owner RFR
Public space
28,000-square-foot canal esplanade by Field Operations with the Parks Department

What it means

Tenants and voucher holders

About 250 affordable apartments are planned, but the material gives no rents, income limits or lottery dates. Construction is only at the foundation stage, so applications are not open yet.

Caseworkers

This is a large future source of affordable units in Brooklyn worth tracking. It is not yet known whether any units will be set aside for specific populations or how vouchers will be handled.

Landlords

More than 1,300 new apartments are coming to this one stretch of Gowanus between this tower and the 300-unit building across the bridge. Nearby owners may face more rental competition once both open.

The highlights

  1. The tower will have 1,071 apartments, about 250 of them affordable under MIH.
  2. Charney Companies and Tavros bought the site for $160 million in 2025.
  3. A 28,000-square-foot public esplanade will run along the Gowanus Canal.

Why it matters

About 250 affordable units under Mandatory Inclusionary Housing will add rent-restricted supply in Gowanus once the building is complete.

What to do: Watch for the affordable housing lottery for 175 3rd Street.

Not known yet

  • Rents and income limits for the roughly 250 affordable apartments
  • When the affordable housing lottery will open and how to apply
  • Expected completion and move-in date
  • Whether any units are set aside for formerly homeless households or voucher holders

Background

In NYC, Mandatory Inclusionary Housing requires new buildings in rezoned areas to include a share of permanently affordable apartments, with rents tied to set percentages of the area median income. Affordable units in new buildings are usually offered through the city's Housing Connect lottery, overseen by HPD and HDC, typically when construction is close to finished. Applicants must meet household size and income rules for each unit type.

Summary written by Bulwark from Brownstoner’s reporting. The original story is at brownstoner.com. This is general information, not legal advice.

Brooklyn, NY

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Photo: Andre Carrotflower, CC BY-SA 4.0
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