Gowanus Tower Groundbreaking Added 250 Affordable Units
New construction at 175 Third Street will bring 1,000 apartments to the Brooklyn waterfront.
Updated on Oct. 9, 2026 in Commercial
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Developers broke ground on a 27-story residential tower at 175 Third Street, a project that includes 1,000 total apartments and 250 affordable housing units. This development is part of the broader Gowanus Wharf initiative.
Why it matters
The building adds significant housing inventory and public space to the Gowanus area following a 2021 rezoning effort. It aims to balance market-rate housing with dedicated affordable units and infrastructure for the local community.
The 1 million square foot project provides 1,000 apartments, with 250 units designated as affordable housing. The exact rent caps for these units remain undisclosed.
The players
Gowanus Wharf
A major multi-building development initiative designed to transform industrial waterfront land into mixed-use residential and public space.
The details
The 27-story tower features a horseshoe-shaped design composed of stacked concrete volumes. Beyond residential space, the project integrates ground-floor retail and dedicated studios for local artists. It also includes a public waterfront esplanade as part of the development plan.
Timeline
2021: The Gowanus neighborhood underwent a rezoning process.
October 9, 2026: Ground was broken for the project.
Money Landscape
This project follows the 2021 Gowanus neighborhood rezoning, which was designed to convert former industrial sites into residential hubs. It marks a significant milestone in the city's ongoing effort to increase housing density in historically industrial waterfront corridors.
Residents should monitor local housing authorities for future application timelines regarding the 250 affordable units. Those interested in potential leasing opportunities should speak with a professional specializing in New York City real estate to understand how such developments influence neighborhood rental markets.
The takeaway
The transformation of Gowanus continues to be a central focus for city housing growth. Residents should track official municipal announcements for future unit availability and income requirement filings.
Further reading
For more updates on large-scale development in the region, explore the latest Commercial news.
Source note: This article includes information reported by Patch.
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