YIMBY Today: Industry City to Receive $1B Refurbishment & Potential Hotel, More

Industrial CityIndustrial City, rendering via Industrial City

Industrial City [Crain’s Business]: Jamestown Properties, Belvedere Capital, and Angelo Gordon have partnered “to invest $1 billion to refurbish” the 16-building, 6 million square-foot Industrial City complex, in Greenwood. A hotel building has also been proposed to be built on site.

150 Van Cortlandt Avenue East [Commercial Observer]: The Stagg Group has acquired the roughly 19,800 square foot property at 150 Van Cortlandt Avenue, in Bedford Park, for $7.1 million. Plans include the development of 259 mixed-income apartments, and the site offers 142,600 square feet of building potential.

334 Wallabout Street [The Real Deal]: The Rabsky Group has proposed to rezone two vacant blocks — located at 334 and 249 Wallabout Street, in Broadway Triangle — to residential use, for the development of 777 apartments and “nearly 32,000 square feet of retail.” Each block would contain a building, and the properties were acquired in 2012 for $12.8 million.

Pier 35 EcoPark

Pier 35 EcoPark, rendering by SHoP Architects

Pier 35 EcoPark [Bowery Boogie]: Construction is making slow progress at the long-overdue Pier 35 EcoPark, in the East River off the Lower East Side. The park area will “provide a unique landscape for education opportunities on marine ecology.”

2691 Arthur Kill Road [Staten Island Advanced]: Permits have been filed with the DoB to demolish the two gas tanks located on the 66-acre parcel at 2691 Arthur Kill Road, in Rossville. The owner “is considering a large-scale retail/commercial development” for the site.

4302 4th Avenue [DNAinfo]: Two landmarked building — three- and two stories — at 4302 4th Avenue, in northern Sunset Park, “have hit the market for $6 million.” The site boasts “up to 35,000 buildable square feet” as a residential redevelopment.

Talk about these projects on the YIMBY Forums

Subscribe to the YIMBY email newsletter and receive the latest new development news in your inbox.
Follow the YIMBYgram for real-time photo updates
Follow YIMBY’s Twitter for the latest in YIMBYnews

For any questions, comments, or feedback, email [email protected]

.