Gowanus Sees Major Green With $12M Buy

Proof that Gowanus’s stock is soaring: A Manhattan-based developer recently purchased a warehouse on 3rd Street between Bond and Hoyt for $12 million, according to public records. Peter Moore Associates, a firm that’s been very active in the Hudson Square area of Manhattan, bought the big building at 92 3rd Street, the former home of prayer-card manufacturer Abigail Press. Planning’s rezoning of Gowanus isn’t slated to affect the block the property’s on, which means it can’t be converted to residential. Peter Moore, who was trained as an architect, has a reputation for adaptive reuse, and his company is currently building a Platinum LEED-certified hotel across from the New Museum on the Bowery. With the Gowanus property, Moore says he’s thinking mixed-use, and his development will probably incorporate office space, art and production studios, and a hotel that overlooks the building’s courtyard. Moore says that he didn’t want to build condos in the space since “there are more than enough” planned on surrounding blocks and that the hotel will be both environmentally friendly and architecturally distinct from some of the others that have been built in Gowanus. “We’re talking about building a much more aesthetically engaged hotel than these Sam Chang properties,” he notes. GMAP P*Shark DOB