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.

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