Brodsky joins Avery Hall on Gowanus project, lands $155M in nancing

BY EDDIE SMALL

The Brodsky Organization is joining the rush of developers into Gowanus following the rezoning of the Brooklyn neighborhood.

Brodsky has partnered with Avery Hall Investments on a 350-unit development at 499 President St., the company announced. e mixeduse project, designed by SLCE Architects, will also include 20,000 square feet of ground- oor retail and span roughly 322,000 square feet overall. M&T Bank and the Bank of New York have provided a $155 million construction loan for the project, and work on it should wrap up in the spring of 2025.

Of the 350 apartments, 75% will be market-rate, and 25% will be affordable. e a ordable units will be split between 10% for residents earning 40% of the area median income ($53,360 for a family of four), 10% for residents earning 60% of the area median income ($80,040 for a family of four) and 5% for residents earning 100% of the area median income ($133,400 for a family of four).

He was particularly enthusiastic about identifying areas along the region’s train lines, which he viewed as ripe for more residential projects.

“Let’s start out with transit-oriented developments,” he said. “If you get on a train someday, look out the window, what do you see? You see a bunch of junkyards, vacant properties, industrial properties, all of these non-housing properties along the rail lines.”

Boosting organization

Starting a conversation around housing and towns making moves to increase production on their own are still small steps compared to the more sweeping changes the housing compact would have sparked. Pro-housing groups are mostly focused on getting more organized going forward so they can more e ectively counter groups opposed to plans like the compact, as

Open New York, a pro-housing group that has so far focused mainly on the city, recently launched chapters on Long Island and in Westchester as well. is will hopefully start to change what politicians in those areas hear from their constituents about new developments, said policy director Andrew Fine.

“Our goal is to organize those people and to make those voices heard and keep on getting individual projects o the ground to show that this is good for communities, is not scary, creates a lot of bene ts and brings in great new neighbors,” he said.

Although Fine was frustrated that the compact didn’t make it into the budget, he stressed that the organization always knew approval would be a di cult process.

“We’re de nitely disappointed, but we expected this to be a long ght,” he said. “If it were easy, it would have changed a long time ago.” ■

Amenities in the development will include coworking spaces, a yoga center and an outdoor swimming pool.

Avery Hall had previously filed plans for what appeared to be a storage facility spanning about 70,000 square feet at 499 President St., but the firm changed its plans after the city passed the long-awaited Gowanus rezoning in late 2021.

The rezoning went through after an extremely contentious fight that lasted for years and has turbocharged changes to the Brooklyn neighborhood. The de Blasio administration estimated the rezoning would bring about 8,000 units of new housing to Gowanus, more than 3,000 of which would be affordable. The final deal included

$200 million in funding for a pair of local public housing developments and a requirement that new construction must not further pollute the Gowanus Canal.

Several major projects are now on their way to the neighborhood from developers including RFR, Domain Cos. and the Vorea Group. ■

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Request For Proposal

Invitation to Prequalify and to Bid

Rehabilitation and Flood Mitigation of the New York Aquarium, Brooklyn, NY : Turner Construction Company, an EEO Employer, is currently soliciting bids for the Rehabilitation and Flood Mitigation of the New York Aquarium from subcontractors and vendors for the following bid packages:

BP #041B - Plumbing

Only bids responsive to the entire scope of work will be considered and, to be successful, bidders must be prequalified by Turner. Certified M/WBE and Small Business (13 CFR part 121) companies are encouraged to submit.

In order to receive the bid packages, potential bidders either (1) must initiate the prequalification process by submitting a Subcontractor/Vendor Prequalification Statement to Turner, or (2) must be prequalified based on a prior submission to Turner (Note: Prior prequalification submissions that remain current will be considered as previously submitted or may be updated at this time.) All bidders must be prequalified by the bid deadline: July 6th, 2023 and initial submission of a prequalification statement not later than July 6th 2023 is strongly encouraged All bidders must have an acceptable EMR, and will be subject to government regulations such as 44 CFR and Federal Executive Order 11246. Successful bidders will be required to use LCP Tracker compliance verification software. Note that while this is a New York City prevailing wage project, union affiliation is not required for BP #041B

A Webcast about the above Bid Package/s will be held on June 8th, 2023 Attendance is optional for all; the Webcast is designed to assist potential M/WBE subcontractors/vendors.

Link: Please join this meeting from your computer, tablet or smartphone. https://teams.microsoft.com/l/meetupjoin/19%3ameeting_NTVjNmZlMTctODdjNy00YWRmLWJmMmYtZjI4NzNjMzcwNWVi%40thread.v2/0?context=%7b%22Tid%22%3a%2220e277 00-b670-4553-a27c-d8e2583b3289%22%2c%22Oid%22%3a%22732a90ce-24b7-42eb-bf78-d638e2a629ac%22%7d

To obtain further information about contracting opportunities and/or the prequalification package and bid solicitation package/s, please contact Lyndsey Spangel lspangel@tcco.com 646-842-1659.

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