Whole Foods Can't Do It Alone (In Gowanus)


Gowanus Whole Foods isn't dead, as we speculated last month, it's just very badly burned. The supermarket needs a developer-partner to finish the job at Third and Third, reports the Brooklyn Paper. But what does that mean? A mini-mall? Another Toll Brothers-style mixed use development? The Fairway model, with residential units above? Nobody knows, since this mysterious developer isn't named, and since the rezoning of the area is still in progress; if the current plan goes through, the Whole Foods site would be restricted to commercial and manufacturing. Not surprisingly, the root of the problem is money. “To get a loan, you need an enormous amount of cash,” said commercial broker Chris Havens. “It’s not worth it to them to put cash in the building.”
Whole Foods Needs a Partner on Gowanus Job [Brooklyn Paper]
Photo by mhwolk.

Copyright Brown - Brownstoner
Contact Us