Gowanus Rezoning Housing Development
Sector: Water Supply and Storage • Location: New York, United States
Source: Crain's New York Business
The Gowanus neighborhood in Brooklyn underwent a rezoning in 2021 to allow new residential developments, aiming to add up to 8,000 new apartments and spur canal cleanup. However, the new 485-x tax exemption program enacted in April 2024, which requires paying construction workers a minimum of $40 per hour for projects with 100 or more units, is causing developers to limit projects to under 100 uni
- Status
- Under Construction
- Sector
- Water Supply and Storage, Residential, Commercial, Government
- Location
- New York, United States of America
- Updated
- 22 Jul 2026
- Source
- Crain's New York Business
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Project Information
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Sponsoring Agency |
Status
Original status | under construction |
Taiyo status | Under Construction |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Gowanus neighborhood in Brooklyn underwent a rezoning in 2021 to allow new residential developments, aiming to add up to 8,000 new apartments and spur canal cleanup. However, the new 485-x tax exemption program enacted in April 2024, which requires paying construction workers a minimum of $40 per hour for projects with 100 or more units, is causing developers to limit projects to under 100 units, potentially stalling large-scale housing development. |
Original sector | Built Sector |
Location
Country | United States of America (USA) |
State | New York |
City | New York |
Source
Source | Crain's New York Business |
URL |
More Details
Record type | Project |
Sector | Water Supply and Storage, Residential, Commercial, Government |
Article published date | 2025-09-17 |
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