Hudson Companies Files 302-Unit Affordable Tower Along Gowanus Canal

Key Points

• Hudson Companies plans a 302-unit, 28-story residential building in Gowanus
• Project will deliver 100 percent affordable housing across 274,205 square feet
• The site sits adjacent to the Gowanus Canal near the Smith–Ninth Street subway stop

What 302 Affordable Units Mean for Gowanus Supply

The project is slated to be 100 percent affordable housing, adding a substantial income-restricted component to a neighborhood that has seen an influx of market-rate development since the 2021 rezoning. At 302 units, the building would rank among the larger affordable projects in the post-rezoning pipeline. In a submarket where new luxury product has dominated headlines, the scale of affordability is notable. Amenities are expected to include a residents’ lounge, party room, courtyard, rooftop terrace, and coworking space, aligning affordable product with modern lifestyle expectations.

What the 2021 Rezoning Continues to Unlock

The 2021 Gowanus rezoning opened the door for high-density residential construction along the canal, catalyzing a wave of filings from both local and institutional developers. The site sits just north of the Smith–Ninth Street F and G subway station, reinforcing transit-oriented development patterns that have defined the area’s growth. Other recent projects, including mixed-use developments delivering both market-rate and affordable units, underscore the neighborhood’s transformation into a live-work-play hub.

What This Means for Brooklyn Multifamily Investors

Hudson’s filing signals continued confidence in Gowanus as a long-term residential growth corridor. For investors, large-scale affordable projects often anchor neighborhood stability and support surrounding retail and residential demand. As more units deliver under the rezoning framework, the canal-adjacent corridor is evolving from industrial fringe to dense multifamily enclave. The broader takeaway is clear. Gowanus’ development cycle is still accelerating, and institutional players remain active in shaping its next phase.