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New York

SL Green joins Jared Kushner’s big Gowanus project

Site was in contract in June for as much as $80M

From left: Jared Kushner, 175-225 Third Street in Brooklyn and Marc Holliday
From left: Jared Kushner, 175-225 Third Street in Brooklyn and Marc Holliday

SL Green Realty joined a partnership between Jared Kushner’s Kushner Companies and LIVWRK to buy a block-long, 140,000-square-foot development site in Gowanus, according to SL Green.

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Kushner and LIVWRK, led by former Two Trees Management executive Asher Abehsera, entered contract on the site at 175-225 3rd Street in June for as much as $80 million, as The Real Deal reported. The site allows for a commercial mixed-use project of up to 300,000 square feet.

SL Green pledged more than $200 million to address a cobweb of transit connections around Grand Central Terminal for its massive One Vanderbilt project, as The Real Deal reported. — Mark Maurer

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GowanusJared KushnerLivwrkSL Green