New York-developer TF Cornerstone won complete control of the historic Wanamaker building at a foreclosure auction Tuesday.

Architecture firm Bjarke Ingels Group (BIG) this week unveiled the design for a 1,000-unit mixed-use tower at 175 Third Street in Gowanus, expected to be the largest building in the neighborhood.

The 605-unit building topped out at 54 stories and 577 feet, according to a statement issued by real estate developer ...