For the past year or so we’ve heard plenty of chirpings about Industry City, the former Bush Terminal on the Sunset Park waterfront that Jamestown Properties plans to transform into “a dynamic 21st century innovation and manufacturing community that balances existing manufacturing tenants with those centered on creative and innovation economy fields.” But now, Jamestown, along with fellow owners Belvedere Capital, and Angelo Gordon, have announced that the overhaul of the 32-acre complex’s 16 buildings will cost $1 billion and include a hotel, along with a huge amount of retail and tech start-up space. They also want an additional $115 million in infrastructure improvements like a massive new parking lot, as well as some rezoning concessions.
Queens to Get Its First Apple Store; Details Revealed for St. Patrick’s Old Cathedral School Condo Conversion, Tue, February 3, 2015
- The first Apple store in Queens will open later this year in the Queens Center Mall. [9to5Mac]
- The conversion of the St. Patrick’s Old Cathedral School in Nolita will include seven luxury condos with a total sellout of $70.7 million, a church-related community facility, and two townhouses. [TRD]
- Williamsberry is a new condo, not a fruit snack, set to rise in the former noodle factory at 338 Berry Street in Williamsburg. [Curbed]
- Big-name jewelry brand Alexis Bittar is moving to Industry City from Dumbo. [Crain’s]
- Someone’s not too happy about the new Fulton Center. [NYP]
Images: Manhattan Apple store (L); Rendering of St. Patrick’s Old Cathedral School conversion via Marvel Architects (R)
Sunset Park has gotten people’s attention in recent months–ours included–thanks to an influx of creative and commercial opportunities, as well as the major Industry City development. Located in the former Bush Terminal, the 16-building, 6.5 million-square-foot complex is being remodeled with the intent of creating “a dynamic 21st century innovation and manufacturing community that balances existing manufacturing tenants with those centered on creative and innovation economy fields.” And adjacent to the site is Liberty View Industrial Plaza, an eight-story, 1.2 million-square-foot warehouse that will offer work space.
These waterfront developments are touting Sunset Park as a walk-to-work neighborhood, and now residents will have a new park to stroll through on their way in to the office. Bush Terminal Piers Park opened this week after being in the works since the ’90s. Extending from 45th to 50th Streets along the waterfront, Brooklyn’s newest park sits atop a former toxic waste site, but was cleaned up over the past decade and now offers an esplanade overlooking tide ponds and restored wetlands.
With plans in place that call for a public waterfront bustling with creative industry and commerce rather than luxury residential developments, Sunset Park is not on its way to becoming the next hip NYC residential neighborhood–and that’s a good thing.
Located on Brooklyn’s western waterfront flank, there are really two sides to Sunset Park. The neighborhood, generally defined as the area between 65th Street, the Prospect Expressway, Eighth Avenue and the East River, has long been a thriving residential community. Sunset Park is also home to about 15 million square feet of warehouse and light industrial space. The key to the neighborhood’s future may be the point at which the two meet.
If you renovate, will they come? It’s been less than a year since Jamestown Properties, the developer behind the successful Chelsea Market, acquired a 50% stake in the mostly abandoned industrial warehouse complex in Brooklyn’s Sunset Park known as Industry City.
Along with investment partners Belvedere Capital and Angelo, Gordon & Company, Jamestown plans to translate the success of Chelsea Market on a scale six times the size – 16 buildings encompassing over 6 million square feet formerly known as Bush Terminal. But while Brooklyn is currently the darling of the five boroughs, Sunset Park doesn’t quite have the cache of Chelsea – yet, and the viability of such an enormous undertaking is ten years in the making.
Undeniably, there is much symbolism attached to artist designer Sebastian Errazuriz’s giant golden cow piñata on display in Industry City in conjunction with NYCxDESIGN, New York City’s official citywide celebration of – you guessed it – design.
One look at the suspended shimmering beast and you’re likely to be reminded of the infamous golden calf Bible story about idolatry (Exodus 32:1–6, if you’re interested) or notice its uncanny resemblance to Wall Street’s iconic charging bull.