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Partnership Secures $126M Financing for First of Four Rental Buildings at Gowanus Wharf
Joint partners Charney Companies, Tavros and Canyon Partners Real Estate said Tuesday they have secured $125.536 million in fixed-rate financing for Union Channel, a 224-residential rental building within the partnership’s Gowanus Wharf development in Gowanus, Brooklyn. JLL secured the seven-year, fixed-rate loan through Freddie Mac.
“Union Channel is the cornerstone of our vision for Gowanus Wharf and reflects our conviction in the long-term trajectory of this neighborhood,” said Justin Pelsinger, partner and COO of Charney Companies. Added Colin Rankowitz, partner at Tavros, “Securing the loan enables us to continue executing our business plan while delivering a high-quality residential experience in one of Brooklyn’s most dynamic communities.”
The JLL Capital Markets Debt Advisory team was led by senior managing directors Christopher Peck and Peter Rotchford, senior director Nicco Lupo and managing director Michael Shmuely. Union Channel opened in early 2025 and will be joined at Gowanus Wharf by Douglass Port, Nevins Landing and 175 Third Street.
- ◦Development
- ◦Financing
