499 President Street
Status: Under Construction
Location: Gowanus, Brooklyn
Use: Retail, Residential, Amenities, Parking
Size: 322,000 GSF / 350 Units
Avery Hall, in partnership with The Brodsky Organization, is presently in construction on 499 President Street, a mixed-use development in the heart of Brooklyn’s Gowanus neighborhood. The approximately 322,000 square-foot project will include 350 mixed-income rental apartments, featuring a combination of studio, one- and two-bedroom apartments and approximately 20,000 square feet of ground floor retail. Resident amenities will include resident lounges with co-working spaces, private dining and game rooms, a gymnasium and yoga center, as well as outdoor rooftop amenities and an outdoor swimming pool.
The project centers around 514 Union Street, which is leased long-term to Brooklyn’s iconic Royal Palms Shuffleboard Club, and is centrally located at the area’s critical east-west thoroughfare connecting Gowanus to both Carroll Gardens to the west and Park Slope to the east, and the residential entrance is on President Street. The Union Street R train and the Carroll Street F train are both 5 minutes by foot.
From 2019 to 2021, Avery Hall led the acquisition and assemblage of the 1.6-acre parcel, consisting of 10 separate tax lots and 10 warehouse buildings, from three separate owners.
The project broke ground in 2022 with project completion expected in 2025.