NEW YORK CITY—Kushner Companies and LIVWRK are incontract to buy a block-long development site in Gowanus for$70 million to $80 million, according to the RealDeal.
The site, located at 175-225 Third St., allows for acommercial mixed-use project of up to 300,000 square feet but couldeventually be rezoned for a residential mixed-use project of morethan a million square feet, a source familiar with the off-marketdeal tells the Real Deal.
The three-acre development site offers about 600 feet offrontage and will allow for about 150,000 square feet of retail,the source reveals. The property is located across the street fromthe recently opened Whole Foods Market and is close to theLightstone Group's 700-unit rental development at 363 Bond St.. Theseller, listed in property records as 175 Third Street Associates,is a family that owned the property for more than 60 years,the source reports.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
