Developers made a gamble in Gowanus in November, likely to avoid an even bigger risk: paying real estate taxes for the next 25 years.
More than three weeks before the city approved a contentious rezoning in the Brooklyn neighborhood, Domain Companies and the Vorea Group filed plans for two projects totaling 628 apartments. Both sites were, at the time, limited to manufacturing use.
A few days later, Property Markets Group filed plans for a 344-unit, mixed-use building at 267 Bond Street.
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