By Linda Collins
Brooklyn Daily Eagle

GOWANUS — The Brooklyn Eagle has learned that Boymelgreen Developers’ Gowanus Village property is back on the market.

Boymelgreen, however, has not been a player for some time, according to Paula Ingram of Ingram & Hebron Realty (I&H), having split with partners Africa Israel Investments and Isaac Katan of The Katan Group some months ago.

I&H had handled the original sale of the properties to Boymelgreen in 2004 and remains a factor in the current marketing effort, which is being handled by Ken Freeman of Massey Knakal Realty Services Brooklyn in an exclusive arrangement but “in co-agreement with Ingram & Hebron.�

Africa Israel and Katan are the sellers, according to Freeman, who reports the asking price is $27 million.

Located right on the Gowanus Canal between Carroll and Second streets, the site is approximately 3.998 acres or 174,017 square feet. Its addresses are 404-430 Carroll St. and 153 Second St. As previously reported in the Eagle, Boymelgreen planned “the construction of a public esplanade and overlook, the redevelopment of an existing abandoned turn-of-the-century warehouse, and approximately 300,000 square feet of housing in new and renovated structures.� Calling the project Gowanus Village, the firm planned approximately 400 condominiums and apartments, including affordable units.

Also a brownfield site, both Sara Mirski, a developer with Boymelgreen, and the State Department of Environmental Conservation (DEC), which oversees the Brownfield Cleanup Program, confirmed to the Eagle in 2005 that the company had submitted a brownfield cleanup application — filed under the name of Gowanus Village I LLC — to the state proposing to conduct “remedial activities� at the site. The properties, previously used for manufacturing, included uses like a sulphur works and coal-fired power station, a paper mill, lumber yard, garage with gasoline storage tanks, an iron junk yard and auto repair shop, according to the application filed with the DEC by Boymelgreen.

Additionally, Mirski said at the time that Boymelgreen wanted to construct environmentally conscious “green buildings� and reduce the amount of runoff sent into the Gowanus Canal, while cleaning water before it reaches the canal.

Following approval of the DEC application, Boymelgreen planned to begin a ULURP (Uniform Land Use Review Procedure) application to rezone the site to allow residential use.

The DEC application was accepted for a portion of the site, according to Freeman.

Pointing out that the site is two blocks from the future Whole Foods Market and adjacent to the Carroll Street bridge crossing, Freeman said this site also offers a “tremendous retail development opportunity.�

© Brooklyn Daily Eagle 2007
All materials posted on BrooklynEagle.com are protected by United States copyright law.
Just a reminder, though -- It’s not considered polite to paste the entire story on your blog. Most blogs post a summary or the first paragraph,( 40 words) then post a link to the rest of the story. That helps increase click-throughs for everyone, and minimizes copyright issues. So please keep posting, but not the entire article. arturc at att.net

Main Office 718 422 7400