Avery Hall, in partnership with The Brodsky Organization, is presently in construction on 499 President Street, a mixed-use development in the heart of Brooklyn’s Gowanus neighborhood. The approximately 322,000 square-foot project will include 350 mixed-income rental apartments, featuring a combination of studio, one- and two-bedroom apartments and approximately 20,000 square feet of ground floor retail. Resident amenities will include resident lounges with co-working spaces, private dining and game rooms, a gymnasium and yoga center, as well as outdoor rooftop amenities and an outdoor swimming pool.

The project centers around 514 Union Street, which is leased long-term to Brooklyn’s iconic Royal Palms Shuffleboard Club, and is centrally located at the area’s critical east-west thoroughfare connecting Gowanus to both Carroll Gardens to the west and Park Slope to the east, and the residential entrance is on President Street. The Union Street R train and the Carroll Street F train are both 5 minutes by foot.

From 2019 to 2021, Avery Hall led the acquisition and assemblage of the 1.6-acre parcel, consisting of 10 separate tax lots and 10 warehouse buildings, from three separate owners.

The project broke ground in 2022 with leasing commencement and project completion set for 2025.