10Y UST5.24%-0.95%30Y MTG7.28%+3.56%SOFR3.87%-0.77%VNQ$89.50+0.37%XLRE$40.81+0.32%FED FUNDS3.88%
Real Estate Trail
Institutional Press Wire
Connect CRE · New York · Mixed Use

Charney Companies, Tavros Break Ground on Fifth Gowanus Development

Via Connect CRE · October 2, 2026
Compiled by Real Estate Trail Editorial · October 2, 2026

Why this matters

Mixed-use is where the most interesting urban repositioning is happening. Office-to-residential conversions in Manhattan, Washington, and Philadelphia have moved from pro-forma exercises to closed transactions, and walkable suburban densification is drawing patient capital with longer hold periods than the traditional core or value-add fund structures support. New York continues to bifurcate sharply: trophy office leasing at record rents, commodity Class B in conversion discussions or court-supervised processes. Rent-stabilized multifamily remains supply-constrained and tightly held. For allocators, mixed-use offers exposure to multiple property types within a single basis, which has become attractive as monoline sector forecasts have widened.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

Computed from Real Estate Trail’s own tracked coverage

Excerpt from Connect CRE:
Charney Companies and Tavros recently celebrated the groundbreaking of 175 Third St. in Gowanus, Brooklyn. The 27-story mixed-use tower, the newest addition to the Gowanus Wharf development, will house more than 1,000…
Read the full article at Connect CRE →

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