Charney and Tavros JV Secures $126 Million Refinancing for Union Channel in Gowanus

Charney Cos. and Tavros secure a $125.5 million Freddie Mac loan for Union Channel, the first completed phase of the massive Gowanus Wharf project in Brooklyn.

By: AXL Media

Published: Mar 12, 2026, 8:32 AM EDT

Source: https://www.multihousingnews.com/

A Milestone for the Gowanus Wharf Campus

Union Channel serves as the anchor for Gowanus Wharf, a multi-phase development that will eventually introduce 2,000 residential units to the area. The project’s scale is redefining the canal-side district:

Current Status: Union Channel opened in June 2025 and is the first of four planned buildings.

Pipeline: Two additional properties, Douglass Port and Nevins Landing, are scheduled to open in the spring and fall of 2026, respectively.

Future Expansion: The partners recently acquired 175 Third St., where the fourth and largest building designed by Bjarke Ingels will be constructed.

Total Scope: Upon completion, the campus will feature a public park, a boardwalk, and 160,000 square feet of shared amenity space.