Toll Brothers proposed a
450-unit luxury housing development
that would sit on the two blocks bounded by Carroll Street on the north,
Second Street on the south, Bond Street on the west and the canal on the east.
More info on the controversies surrounding this development and the associated
rezoning efforts are available from:
The east bank of the canal between 2nd/3rd Sts is home to a majestic
abandoned power plant, complete with some colorful commentary on development
plans for the neighborhood. Immediately to the east of it is a former subway
power substation at 340 3rd Ave which was the printing plant for the Jewish Press.