Friday, August 3, 2018

Does anyone really want more condos in the Gowanus? Who?

Will the Gowanus rezoning be what developers hoped?
After nearly a decade of uncertainty, a new proposal outlines the neighborhood’s residential and commercial needs — and condos aren’t on the wish list
By Erin Hudson | July 01, 2018 01:00PM
Rezoning Gowanus has been on the agenda of developers and politicians alike for a decade. As a result, investors have paid what many saw as speculative prices for land up for rezoning. And one-third of the 130 properties along the coveted, albeit polluted, Gowanus Canal have traded hands over the past decade, according to a study by DNAinfo last year. Although rezoning efforts are still in a nascent stage, prices keep climbing. For example, Kushner and SL Green Realty paid $70 million for a 140,000-square-foot property in 2014. This spring, Aby Rosen’s RFR Realty bought the parcel from them for $115 million. Meanwhile, home prices rose 7.2 percent in 2017 and are expected to increase 8.8 percent in 2018, according to Zillow. The median listing price is $1,107 per square foot."

See link below for the rest of this article:


With the "Protect Our Homes" petition, CORD was formed in May, 2007. This petition arose as an overwhelmingly negative response to the coming of the over-sized 360 Smith Street Development at the corner of Smith Street and Second Place (Aka Oliver House; aka 131 Second Place). This petition, which had well over three thousand signatures, led to a new zoning text amendment in summer of 2008.

To: Our Elected Officials, Community Leaders, The MTA:
(MAY, 2007)

We the undersigned Carroll Gardens homeowners and residents, are appalled by the "as of right" ruling which allows owners and developers to erect buildings in our neighborhood with no regard to the impact they will present to our quality of life and the value of our homes........