Avery Hall, in partnership with Gindi Capital, is developing this strategic site at the border of Brooklyn’s burgeoning arts and nightlife district, Gowanus, and Park Slope, Brownstone Brooklyn’s historic, tree-lined neighborhood adjacent to Prospect Park. The team acquired the half-acre parcel in 2019, which consists of the entire western block front on 4th Avenue between Union and Sackett Street, and sits atop the Union Street R subway station. Pursuant to the Gowanus rezoning, the project site was developed as a high-density, mixed-use and mixed-income transit-oriented rental development. 655 Union Street consists of 193 units with a 24 hour concierge service, diverse fitness co-working and recreational amenity offerings, including a rooftop swimming pool. The project is located at the intersection of two of Brooklyn’s most important commercial thoroughfares, Union Street and 4th Avenue and boasts 14,000 SF of prime retail space. The project sits in a federally recognized Opportunity Zone and is intended to be held as a long-term rental asset by the partnership. The team broke ground in 2022 and commenced leasing as of 2024.