Photo courtesy of Industry City
The public review process for the rezoning of Industry City begins Tuesday, an effort to boost total capital investment of the sprawling campus to $1 billion and generate 13,000 on-site jobs and 7,000 off-site jobs over the next decade. Currently, Industry City sits on 35 acres with 16 buildings in its waterfront Brooklyn neighborhood of Sunset Park. The rezoning would restore the century-old campus and increase total usable square footage from 5.3 million to 6.6 million square feet. After presenting plans to the City Planning Commission and creating an environmental statement, the project will then enter the Uniform Land Use Review Procedure (ULURP) this Spring, followed by the public review process.
Since its redevelopment by Belvedere Capital and Jamestown in 2013, Industry City, with $250 million invested in the space so far, has seen on-site employment tripled, from 1,900 jobs to more than 6,500 jobs today. There are 450 companies that have moved to or expanded at Industry City, including garment and furniture manufacturers, tech entrepreneurs, designers, film and media companies.
According to Industry City, the majority of its workers at the complex live in Brooklyn. Nearly 4,000 people live and work in Sunset Park and 20 percent of them are employed by Industry City. In an effort to grow even more so, developers hope to bring university-based academic facilities to create a more robust workforce, additional amenities and a new hospitality center with meeting space and hotel rooms.
The rezoning would change the composition of uses at Industry City by adding 3.6 million square feet of space for innovation economy businesses, 387,000 square feet of academic space and 900,000 square feet of retail space. Plus, developers hope to bring 272,000 square feet for hospitality uses, 415,000 square feet of storage and warehouses and 43,000 square feet of event space.
After Tuesday’s scoping meeting, the public can weigh in on the proposal’s impact on the community and the environment. If CPC approves the application, the rezoning proposal moves on to the City Council and then to the Mayor’s Office.
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Neighborhoods : Sunset Park