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Ailanthus Builds Affordable Housing in Gowanus | Real Estate News
A new giant is rising in Gowanus: Ailanthus, a joint venture from TerraCRG and Totem, just filed plans for a 17-story, 400-unit tower at 424 Hoyt St. With 175 feet of height, it’ll include 100–120 affordable units, a 46K sq ft public school, and 14K sq ft of retail—all replacing a car repair shop and storage lot. Part of Ailanthus’s five-year goal to build 10K units, this project leverages Gowanus’s recent rezoning and cleanup, joining other major developments like the Gowanus Wharf campus. Already active in Crown Heights and Sunset Park, Ailanthus is poised to reshape Brooklyn’s housing…
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