Carlyle Group Acquires Gowanus Development Site For $100M From Property Markets Group

A development site in Gowanus has been sold for $100 million in a transaction between Property Markets Group, represented by Kevin Maloney, and the Carlyle Group, represented by Jason Hart. The site, located at 267 Bond Street and 498 Sackett Street, will be the future site of two mixed-use towers. The towers will consist of a total of 517 residential units and 52,000 square feet of commercial space. One tower will offer 344 residential units while the other will offer 173 units.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $100,000,000
• Market: Gowanus
• Address: 267 Bond Street & 498 Sackett Street

The Carlyle Group's acquisition of this Gowanus development site solidifies their position as one of Brooklyn's top landlords. This significant purchase marks a strategic move for the company, as they will have the opportunity to develop and manage two mixed-use towers in a prime location. With 517 residential units and 52,000 square feet of commercial space, the development will contribute to the growth and transformation of the Gowanus neighborhood.