In recent years, Brooklyn’s waterfront has morphed into a breeding ground for start-ups, tech agencies, and boutique manufacturing. Now the massive Industry City complex in Sunset Park could emerge as the next creative hub in the borough joining other booming neighborhoods to the north such as DUMBO, the Navy Yard, and Williamsburg. Crain’s reported that Jamestown Properties, a real estate management and investment company, which owns Chelsea Market and the Milk Studios Building in Manhattan, is teaming up with Angelo Gordon and Belvedere Capital to purchase the sprawling 6.5 million-square-foot Industry City site.
In spite of angry protests from neighborhood advocates and preservation groups, New York City Council unanimously approved plans Tuesday afternoon to upzone Chelsea Market. The developer, Jamestown Properties, intends on building 300,000-square-feet of office space designed by Studios Architecture that will sit right on top of current Chelsea Market. To move things along in their favor, Jamestown had agreed to give around $12 million to the High Line and $5 million to a fund to build affordable housing, in addition to another $1 million to help launch an internship program at the nearby Fulton Houses.
In a unanimous vote today, the New York City Planning Commission approved Jamsestown Properties’ plans for expansion at Chelsea Market with few modifications. The building was rezoned to be included in the Special West Chelsea District, thereby allowing developers to increase density after a significant contribution is made to the High Line. Much to the quite literal relief of High Line visitors, this likely means bathrooms will finally find their way to the southern section of the park.
Seems the bad news is about to get worse for Jamestown Properties. The developer’s plans to add 330,000 square feet to New York’s Chelsea Market met with resistance from the Community Board 4 and Borough President Scott Stringer, both of whom gave conditional nays to the proposal designed by Studios Architecture. Now with City Planning’s public hearing set for this Wednesday, Commissioner Amanda Burden has clearly indicated that she is not pleased with the an addition proposed to hover over the High Line along Tenth Avenue. “I remain concerned about the massing and how it effects the High Line experience,” Burden said a pre-hearing review session today.
The two additions to the market include 90,000 square feet addition on Ninth Avenue and a 240,000 square foot addition along Tenth Avenue. As much of the building’s mid-block remains excluded from Jamestown’s plan, it seems likely that area will come in to play. “They do have a whole block,” the commissioner said.