Gowanus Gentrified: Developer To Turn Old Brooklyn Warehouses Into 200,000 -Sq.Ft. Office Space

Commercial and residential real estate threaten to overtake everything.

By Archana Aithal Rose November 9, 2016

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.

Related: Gowanus Trades Artists For Breezy Workspaces

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.

Related: Study Reveals Commercial Real Estate Is A Sea Of Whiteness

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


Archana Aithal Rose

ABOUT THE AUTHOR Archana Aithal Rose

ABOUT THE AUTHOR Archana Aithal Rose

Archana Aithal Rose’s articles have appeared in The Times of India, CNNGo, Condé Nast Traveler and Vogue, covering such broad range of topics as fashion, art, travel, culture, celebrities, architecture and technology. In addition to writing, Archana's also known for her mad photography and cooking skills.

    Stefano Boeri, the architect mastermind behind the famous plant-covered skyscrapers, is now designing Forest Cities in Liuzhou, China. #ForestCity #China
    Auction is the second scheduled in a month for a One57 unit and it could set a NYC foreclosure record. #BillionairesRow #Foreclosures
    Once a couch-surfing website, Airbnb moves on to luxury properties, further disrupting hospitality industry. #Airbnb #Luxury
Four Countries To Retire In With $200K In Savings—And How Much Real Estate Costs There
Ever dreamed of retiring abroad? You know, affordable healthcare, better climate, more positive news—becoming an expat seems like an enticing option, especially one you no…
While Other Real Estate Platforms Start Charging Agents $3-Per-Day Exposure Fee, Agorafy Remains Accessible To All
Real Estate searching platform are always finding news ways to diversify their revenues models. Case in point—on Tuesday July 18, Streeteasy, one of New York…
Is Real Estate Crowdfunding The Fix That Urban Housing In America Really Needs?
Saving money for a down payment? One can only hope. Most millennial in their twenties or thirties are mortified that they might never be able…
Brooklyn And Queens’ Real Estate Sub-Markets Continue Their Ascent To The New Heights
So, the sales prices in Brooklyn and Queens hit record highs. Again. Just like they did in December 2016 and at the end of this…
The Economy Of Car Services And Delivery Apps Might Be Making NYC Less Eco-Friendly
Living in an eco-friendly neighborhood is a good thing. And, as it always the case with the good things, it also costs more. High rents…
Building Communities: What The U.S. Developers Should Learn From Soho China
As our world emerges into the new period of globalization and technology, some of the most important by-products of this process are buildings that have…
Five Reasons Why All Entrepreneurs Must Keep Their Eyes On China
It is hard to overestimate the importance of Chinese influence on the modern global economy. Carving out a place in Chinese market and winning over…
Airbnb Up Their Game With A New Luxury Tier Featuring Mansions And Villas
Airbnb is about to seriously up their game. First, the company started testing a new service called Select in an attempt to push accommodation listings…