MAP: Who Owns All the Property Along the Gowanus Canal

(DNAINFO)  Leslie Albrecht | May 19, 2017 — The real estate developer building one of the tallest skyscrapers on Manhattan’s Billionaires’ Row is poised to make the biggest impact on development along the Gowanus Canal, according to a DNAinfo New York review of all of the property records abutting the Superfund site.

As the city considers whether to rezone Gowanus and, perhaps, morph the gritty low-rise industrial area into a hot new neighborhood of residential towers (albeit at a fraction of the height of Manhattan’s supertall buildings), DNAinfo reviewed property records along the canal to find out who stands to benefit most from the changes.

Investors have poured at least $440 million into buying land on the polluted waterway and more than a third of the properties have changed hands in the past decade, according to an examination of records for the nearly 130 properties along the 1.8-mile canal.

The current owner of the most land along the canal is developer Property Markets Group, which is now partnering with JDS Development Group to build the 82-story tower at 111 W. 57th Street, soaring 1,428 feet atop Manhattan’s landmarked Steinway Building.

Source: MAP: Who Owns All the Property Along the Gowanus Canal – Gowanus – DNAinfo New York