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Industry City’s Owners Seek Rezoning
A partnership of Jamestown, Belvedere Capital and Angelo, Gordon & Co. has filed a rezoning application with the Department of City Planning for the Industry City complex on the Brooklyn waterfront. Crain’s New York Business reported that the application starts the proposed rezoning along the path known as the Uniform Land Use Review Procedure (ULURP).
Industry City’s owners hope to add more food and store spaces in the 16-building campus. The proposed rezoning also would grant the owners the ability to develop two ground-up hotels; the ability to use up to 600,000 square feet of the complex for classrooms; and the rights to develop an additional 1.3 million square feet of commercial space on top of the complex’s existing 5.3 million square feet.
The City Planning Commission could vote on the rezoning application at its March 11 meeting, Crain’s reported. ULURP could be completed by year’s end.
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