Gowanus Grows Up: $1B Residential Project Set to Redefine the Skyline

Renderings by Bjarke Ingels Group

A major transformation is on the horizon for Gowanus, Brooklyn, as the latest design has been revealed for 175 3rd Street—a $1 billion mixed-use residential project from the acclaimed architecture firm Bjarke Ingels Group (BIG). Spearheaded by developers Charney Companies and Tavros Capital, this new development is poised to be the tallest and most prominent building in the neighborhood, marking a significant milestone in Gowanus’ ongoing evolution.

The project will rise 27 stories and span over 1 million square feet, introducing approximately 1,000 rental units to the area. Designed in a bold U-shaped formation, the building will feature a modern grid of floor-to-ceiling windows set within textured architectural concrete, drawing inspiration from the neighborhood’s industrial roots. The massing of the structure incorporates stacked box forms with chamfered corners, creating unique setbacks, outdoor terraces, and enhanced natural light throughout the building.

In keeping with New York City’s Mandatory Inclusionary Housing program, 25% of the residential units will be designated as affordable. Residents will also have access to a wide variety of lifestyle amenities, including rooftop lounges, two outdoor pools, sports courts, a dog run, and a lush three-acre landscaped courtyard. The design includes approximately 35,000 square feet of indoor amenity space as well, aimed at fostering community and connectivity among residents.

Renderings by Bjarke Ingels Group

One of the most striking aspects of the development is its waterfront setting. Situated along the Gowanus Canal, the project will include a 30,000-square-foot public park and esplanade designed by Field Operations—the landscape architects behind the High Line. This green space will feature a 250-foot-long boardwalk, providing much-needed public access to the canal and helping to integrate natural beauty into the urban fabric.

The 175 3rd Street development is part of the broader Gowanus Wharf master plan, which includes several nearby projects such as Union Channel, Douglass Port, and Nevins Landing. Together, these initiatives are set to bring over 2 million square feet of new residential development and more than 2,200 new housing units to the neighborhood. Construction on 175 3rd Street is expected to begin in mid-2026, following the completion of the earlier phases of the master plan.

All project details and updates were originally reported by New York YIMBY.