
Asked about the softening real estate market, Mr. Von Spreckelsen said that the firm is "committed to the project" and that "we'd love to go forward" with it. The development would have 447 units of housing, about 140 of which would be affordable rental units developed by L&M Equity. GreenbergFarrow is the project architect. The development would sit on raised ground because of flooding issues around the Gowanus Canal, and it would be LEED certified, feature its own storm sewer system with holding tanks, and have a public esplanade/park on the water. Toll hopes the land-use review process for the development will start before summer.
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