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Massive Industry City Redevelopment Will Look Like This

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Last week, it was announced that Industry City owners Jamestown Properties, Belvedere Capital, and Angelo Gordon are planning a $1 billion redevelopment of the 16-building complex, which will include a hotel and a huge amount of retail and space for technology startups. The developers want the city to chip in around $115 million in infrastructure improvements, though, including a massive new parking lot (as well as some rezoning), and Crain's reports that at a presentation on Monday attended by the Brooklyn borough president, a senator, and a council member, no one from Mayor Bill de Blasio's office showed up, apparently "an indication that the mayor will ask for something in exchange for new zoning." De Blasio has made a habit of demanding affordable housing in major projects that require city approval, but since there is no housing whatsoever involved with this one, the speculation is that he may seek guarantees from the developers of local hiring and job training and/or a wage floor for employees of the complex.

· Brooklyn mega-project will be major test for de Blasio [Crain's]
· Sunset Parking: Industry City redevelopment needs public land for car lot [Brooklyn Daily]
· Industry City coverage [Curbed]