Under Construction

175 Third Street

175 Third Street is the largest building rising in Gowanus, Brooklyn, a 27-story, roughly 1.08-million-square-foot mixed-use tower yielding 1,071 residential units, about a quarter of them permanently affordable under the Special Gowanus Mixed Use District created by the 2021 Gowanus rezoning.

Official Website
2026
Start
2028
Completion
1071
Units
27
Floors
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Details

175 3rd Street, Brooklyn. 27 floors and 1071 residences. Broke ground 2026, completing 2028. Financed with $785M in June 2026.

The story so far
Announced 2025 est.
Tenant announced Dec 1, 2025Life Time signed 85,000 sf, three-story retail lease at 175 Third Street
ir.lifetime.life
Broke ground Jun 5, 2026 est.BIG-designed 27-story, ~1,000 units; CPC approved Apr 12 2026, excavation/foundation permits issued, site work begun, breaking ground mid-2026 per NY YIMBY/Brownstoner
brownstoner.com
Financing secured Jun 25, 2026Charney, Tavros and Incoco closed $785M construction capitalization — $600M debt from Apollo and Affinius Capital plus $185M equity from RXR, June 25 2026
commercialobserver.com
Under construction Jul 2026Under construction: site cleared and foundation work underway, with the $785M construction capitalization closed June 25 2026 (Brownstoner, PR Newswire, Urbanize New York)
brownstoner.com
Foundation work underway Jul 2026preliminary foundation work and environmental remediation in progress on the former parking lot at 175 3rd Street, the fifth and largest Gowanus Wharf building (Urbanize New York)
nyc.urbanize.city
Groundbreaking ceremony Oct 2026project team formally broke ground and earthwork began on the 27-story, nearly 1,100-unit BIG-designed tower, the largest building in Gowanus (NY YIMBY, Archinect)
newyorkyimby.com
Expected opening 2028
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
TMW IntelligenceVerified Oct 22, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
TMW Intelligence

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About the project

175 Third Street is the largest building rising in Gowanus, Brooklyn, a 27-story, roughly 1.08-million-square-foot mixed-use tower yielding 1,071 residential units, about a quarter of them permanently affordable under the Special Gowanus Mixed Use District created by the 2021 Gowanus rezoning. Co-developed by Charney Companies, Tavros, and Incoco Capital and designed by Bjarke Ingels Group (BIG) with dencityworks | architecture, the tower replaces a surface parking lot and caps the five-building Gowanus Wharf assemblage along the Gowanus Canal. BIG shapes the building as a series of cascading concrete volumes that form a U-shaped opening stepping down toward the waterfront, while James Corner Field Operations leads the landscape design for roughly an acre of public open space, including a 28,000-square-foot esplanade on the canal. More than 100,000 square feet of commercial space includes an 85,000-square-foot Life Time athletic club alongside artist workspaces. The nearly $1 billion development is backed by roughly $785 million in construction capitalization from Apollo, Affinius Capital, and RXR.

Companies and contacts

Every firm on 175 Third Street, the office nearest it, and the people who work on it.

Common questions

Frequently asked

Where is 175 Third Street located?

175 Third Street is located in New York City.

When will 175 Third Street be completed?

175 Third Street is under construction, with completion expected in 2028.

Who is developing 175 Third Street?

Charney Companies, Tavros Capital is the developer behind 175 Third Street.

Who designed 175 Third Street?

175 Third Street was designed by Bjarke Ingels Group, with interiors by Bjarke Ingels Group.

How big is 175 Third Street?

175 Third Street rises 27 stories with 1071 residences.