In December, The Real Deal reported that the flexible office space startup and WeWork rival Knotel will be the anchor tenant in a new ground-up commercial development at 473 President Street in Gowanus. Knotel co-founder Amal Sarva told the publication that they would occupy the entire office space of the building, which would span between 150,000 and 300,000 square feet. As for the rest of the space, Loopnet is currently listing the 9-story property for lease, offering a "build to suit" opportunity with up to 174,082 square feet for the not-for-profit community. The rendering displayed on the site shows both the commercial building (left) and the community facility (right).
Knotel will also be co-developing the space with Cogswell Lee, GLUCK+ and MCP President Street LLC. And in true Knotel fashion, the company is offering two design options for the community facility: a horizontal campus and a vertical campus.
Knotel will also be co-developing the space with Cogswell Lee, GLUCK+ and MCP President Street LLC. And in true Knotel fashion, the company is offering two design options for the community facility: a horizontal campus and a vertical campus.
The popular neighborhood establishment Royal Palms Shuffleboard Club is currently leasing the space at 473 President Street (aka 514 Union Street) and told the Brownstoner that despite the new development, they're staying put – for a while, anyway. If Gowanus gets rezoned before their lease ends in 2022, the bar is guaranteed two years rent at market rate and if there's no rezoning, they're guaranteed five years.
The Loopnet listing states the development will be available by Q3 2019. Tenant amenities will include 110 covered parking spaces. The nearest subway station is the R at Union Street and Fourth Avenue.
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