The New Coney Island - Brooklyn's Times Square by the Sea

Saturday, March 7, 2015

Hotel proposed for $1B hipster industrial complex

Crains excerpt -

A partnership that bought a stake in the mixed-use industrial complex known as Industry City almost two years ago is expected to ask the city to give it the flexibility to build a hotel on the 32-acre site along the Sunset Park, Brooklyn, waterfront.

The request will be made Monday, when the group, a partnership among Jamestown, Belvedere Capital and Angelo Gordon, will announce that it plans to invest $1 billion to refurbish the sprawling facility. The redevelopment will create nearly 20,000 jobs in the area. The partnership will also ask the city to improve the surrounding neighborhood, including the Gowanus Expressway, which runs parallel to Industry City.

“We all want something to happen with the Gowanus Expressway,” said Carlo Scissura, president and CEO of the Brooklyn Chamber of Commerce, which will be hosting the Monday meeting at Industry City. “We would love Third Avenue to be brighter and safer and more bike-friendly.”

Mr. Scissura noted that a hotel at the site could become an important amenity as efforts continue to transform it into an office and manufacturing hub from a derelict compound used mostly for storage. 

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