In this live episode of Breaking Ground from the Real Deal Expo 2025, host Steve Kliegerman sits down with Justin Pelzinger of Charnie Companies and Colin Rankowitz of Tavros to discuss their ambitious developments in Gowanus, Brooklyn. The conversation delves into the origins of their investments, which were catalyzed by the creation of opportunity zones and a belief in Gowanus’ long-term potential. The pair recount the complex, years-long journey of site acquisition, rezoning efforts, and navigating environmental remediation and 421a tax incentive deadlines.

They share insights into their multifaceted 2,200-unit Gowanus Wharf portfolio, which includes market-rate and affordable housing, extensive amenities, and partnerships with local artists and organizations. With 30% of the neighborhood’s new housing under their belt, Charnie and Tavros aim to shape Gowanus into a vibrant, service-rich residential community—though they caution that similar development would be unfeasible under the current 485x program. Watch the full interview from the 2025 Real Deal Forum below.

“Gowanus stood out as being the most interesting of the opportunity zones… it really was a hole in a donut of beautiful residential neighborhoods that had never been developed by virtue of the zoning.” – Colin Rankowitz

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