Friday, December 12, 2014

700-unit Liberty Gardens Project Ready to Rise in Gowanus

On a two-block stretch of Bond Street between Carroll and Second Streets, preparation is underway for construction of a 700-unit development, Liberty Gardens, overlooking the Gowanus canal. The two buildings at 363-365 Bond Street will rise as high as 12 stories, dwarfing low-rise residences nearby. Remediation and excavation at the site began earlier this year and foundation work for has already begun. The project has landed $120 million in construction financing for Phase I, which is scheduled to be complete in early 2016.

The Lightstone Group’s controversial 700-unit ground-up luxury development along the Gowanus Canal is moving forward.

Phase I will include construction of a 12-story building at 363 Bond Street that will span 249,600 square feet and house 268 rental apartments.

The structure will include 3,625-square-feet of retail space and 111 underground parking spaces.

The building at 365 Bond Street will have 161 apartments, including 86 units reserved for affordable housing.

Liberty Gardens will feature luxury amenities including: 24 hour concierge and doormen, valet service, an outdoor pool and sundeck, indoor basketball court, theater room, fitness center with yoga studios and spin rooms, children’s playrooms, lounges, libraries, game rooms, landscaped terraces, outdoor barbecues and dining, indoor gourmet kitchen with private dining, bike and tenant storage.

Apartment features include custom Italian kitchens with Bosch appliances and Quartz countertops, wide plank white oak hardwood floors, beautifully appointed custom bathrooms and in-unit Bosch washer/dryers.

The property will also have a waterfront esplanade and park on the Gowanus Canal, which will be open to the public.

The development is the first phase of a planned 700-unit rental project that was initially launched by Toll Brothers but abandoned in 2010.

Demolition work is presently underway next door at 388 Carroll Street, where construction on Phase II of Liberty Gardens is expected to commence late next year.
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