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Kushner, LIVWRK Partner to Buy Gowanus Site

NEW YORK CITY—Already partners in the Watchtower Properties assets, the two firms reportedly are in contract on a development parcel that allows for a 300,000-square-foot mixed-use development.

By Rayna Katz | Updated on June 19, 2014

NEW YORK CITY—Kushner Companies and LIVWRK are in contract to buy a block-long development site in Gowanus for $70 million to $80 million, according to the Real Deal.

The site, located at 175-225 Third St., allows for a commercial mixed-use project of up to 300,000 square feet but could eventually be rezoned for a residential mixed-use project of more than a million square feet, a source familiar with the off-market deal tells the Real Deal.

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