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Kushner, SL Green JV to Buy Gowanus Site

NEW YORK CITY—The two firms, along with one other, are picking up a 140,000-square-foot development site in the up-and-coming area of Brooklyn.

By Rayna Katz | Updated on October 23, 2014

NEW YORK CITY—Kushner Cos., LIVWRK and SL Green Realty Corp. have formed a joint venture to acquire a 140,000 square-foot site in Gowanus, one of Brooklyn’s most exciting and diverse neighborhoods. The three-acre site is located at 225 Third St. between Bond street and Third avenue. Sandwiched between Brooklyn’s iconic Park Slope and Carroll Gardens communities and accessible to the F, G and R lines, the property is directly across the street from the recently opened Whole Foods Market and near several of the area’s newest dining and recreational outposts.

“We were drawn to the culture, energy and fabric of the Gowanus neighborhood and its rich industrial history,” says Jared Kushner, CEO of Kushner Companies. “With LIVWRK’s mixed-use expertise and SL Green’s long-term vision we believe this site will have great mixed-use potential over time in an exciting community.”

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