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Long-Delayed Gowanus Public Park Still a Draw For Developers

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Gowanus Green has been in the works for nearly a decade

It's only been a few days since Lightstone's massive Gowanus Canal-fronting rentals opened themselves to the public, but developers are already predicting big things for the once-industrial, fast-changing Brooklyn neighborhood.

Some are even banking on developments that haven't even revealed themselves yet; to wit, the long-delayed Gowanus Green mixed-use project, which has been in the works for nearly a decade and still hasn't quite moved forward yet. According to DNAInfo, one Brooklyn developer, Peter Moore, has planned an office building at 425 Hoyt Street (in what's essentially an armpit of the canal) because the Gowanus Green development may rise there at some point, and may have a public park that would possibly attract young, hip companies. "That's why we did this deal, because this building will at some point front right on the park," Moore told DNAINfo. "It will be a great amenity to have. Right now this location feels a little forlorn."

But given Gowanus Green's history, there's a chance it may continue to feel forlorn: The 774-unit project, by developer Hudson Companies, has been in the works since at least 2008, and little action has happened on it in the years since (heck, the last time we reported on it was 2014).

But since when have developers been deterred by pesky little things like that? In fact, some prominent ones have picked up properties in the neighborhood, including Two Trees (which owns 224 Hoyt Street) and Property Markets Group, in addition to Lightstone.

Basically, it's a whole new Gowanus: