What's Happening?
In a significant development for the Gowanus area, a 40,000-square-foot space at 499 President Street has been leased to several new tenants, including Union Market, Corto, and Spear Physical Therapy. Union Market, a high-end grocery store, will occupy
10,000 square feet, making it the largest of the new tenants. This location will serve as the flagship store for Union Market, situated at 532-542 Union Street, adjacent to a rental apartment building. The 499 President project, which includes 350 rental apartments, is part of a broader trend in Gowanus, where thousands of new homes have been constructed along the canal.
Why It's Important?
The expansion of Union Market and other businesses into the Gowanus area highlights the ongoing transformation and development of this Brooklyn neighborhood. The influx of new residential and commercial spaces is indicative of the area's growing appeal and economic potential. For local residents, this development means increased access to high-end retail options and services, potentially boosting the local economy. The presence of a flagship store for Union Market could also attract more visitors and consumers to the area, further stimulating economic activity.
