Gowanus - Charney Companies and Tavros secured $145 million in funding from notable investors including Silver Point Capital and Tikehau Capital for a 1,000-unit rental project at 175 Third Avenue. This development is part of the larger Gowanus Wharf initiative, which will ultimately feature 2,200 apartments. The property was obtained from RFR, which secured a 421-a tax abatement. The Gowanus area is recognized for its artistic and eclectic atmosphere, making it a vibrant location for urban living with rental prices ranging significantly based on unit size.
The Gowanus Wharf project aims to revitalize the area with 2,200 apartments alongside vibrant cultural and artistic growth, echoing the eclectic spirit of Gowanus.
This financing achievement showcases the confidence investors have in the Gowanus area, where unique cultural elements intertwine with innovative developments to meet housing demand.
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