Gowanus Gentrified: Developer To Turn Old Brooklyn Warehouses Into 200,000 -Sq.Ft. Office Space
Commercial and residential real estate threaten to overtake everything.
Much of Brooklyn’s office landscape is getting a dramatic facelift, with developers flipping older industrial structures into commercial cash cows. Joining this rampant gentrification drive are developers, Industrie Capital Partners LLC who are revamping a building in Gowanus that holds three early-20th century structures, converting it into a 200,000 square-foot multiple-use office project. The buildings that were previously owned by the Roulston grocery chain and used as warehouses will now be turned into swank office project.
Spearheaded by Eli Hamway, Industrie Capital will be renovating three adjacent buildings at 94 Ninth Street, 98 Ninth Street and 75 Tenth Street into workspaces, according to a report by WSJ. The developer locked in the property last year with a 99-year ground lease, paying 21.2 million—rounding up the total cost of the project at $90 million.
Hamway informed the Journal, that Industrie intends to allot roughly 20,000 square feet to retail and food options for office tenants, most likely in the one-story building. “The building has so much character and charm,” said Hamway. The one story, column-free building with 25 foot ceilings with a roof deck. Who wouldn’t want to work there? And architecture firm Morris Adjmi, in charge of the design, will make sure to retain that charm by restoring the exposed brick and timber beams of the 20th-century buildings. The plans also include four roof decks, new elevators and new lobbies.
The design will also incorporate four roof decks, new elevators, new lobbies and skylights in the redevelopment plans, modernizing all four structures. When they acquired the lease, the new owners of 94 Ninth Street were in the news for kicking out a bunch of Gowanus artists from their studios after terminating their lease. In a move far too typical of current developers, the very creative class that came in to add value to the once downtrodden area are often the first to get the short shrift.
Yet another tenant, Flood Music Studios shared the artists’ frustration when they were given a one-month notice to clear the premises that they had occupied for 13 years. Looks like the blue-blooded creative lot who once occupied Gowanus will soon be replaced by the deep-pocketed creative- techs. And, while progress can be great for the local economy, often, developers pursue the profits without regard for how this affects those who were there from the beginning. Surely, at some
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