The Sunset Park community board reached an impasse on the Industry City rezoning after a lengthy meeting Wednesday night.
The board members failed to reach a decision on the rezoning proposal, disagreeing with several key components of the $1 billion plan to add retail, hotels and academic space to the 35-acre complex, Curbed reported. The development, which is a joint venture of Jamestown, Belvedere Capital, and Angelo, Gordon & Co., has yet to win the support of New York City Councilmember Carlos Menchaca, who will determine the future of the development.
“I hope that this is going to be a message to the developer, to city planning, and to the administration that the application is highly fraught,” said Community Board 7 Chair Cesar Zuniga after the five-hour meeting. “We are not just going to rubber stamp unmitigated development to the detriment of our community.”
As part of the lengthy Uniform Land Use Review Procedure, the proposal will now be sent to Brooklyn Borough President Eric Adams and the City Planning Commission.
Last month, the developers of Industry City scored a $720 million debt package, led by Blackstone, with Bank of China, Deutsche Bank and SL Green Realty Corp. [Curbed] — Georgia Kromrei