The Real Estate Blog
What is Elegran Edge? It’s the blog where we bring together the biggest and best stories from our neighborhood blogs and agent blogs. If it’s happening in Manhattan real estate, you can find it here.
Articles about "Chelsea Market"
Chelsea Market Expansion Breeds Contention, Then Concession
October 25, 2012
The last hearing to determine the direction of the Chelsea Market expansion resulted in Jamestown Properties conceding to two key items: commitment to not alter exterior elements such as windows and facades on the 17 buildings of the complex between 9th and 10th Avenue, and an agreement to support the establishment of a technology-oriented internship program at Fulton Houses, a nearby affordable housing project. City Council Speaker Christine Quinn’s vote for her district is critical for the project to win approval, thus she has had to consider activists’ pleas to prevent Jamestown’s rezoning, which would add thousands of square feet of office and hotel space at 9th and 10th Avenue. Local residents, many of whom inhabit the luxury condominiums built after the conversion of historic buildings, consider their neighborhood a prime area for retail and industry; however, some also oppose the expansion on the basis that the area is, in short, already too saturated and cannot accommodate more development, as profitable as it would be.Read More
Chelsea Market Expansion Gets Green Light From Planning Commission
September 07, 2012
Although the proposed expansion of Chelsea Market has seen many hurdles and much opposition in the past few months, the New York City Planning Commission came out in favor of the project on Wednesday, with a unanimous vote approving Jamestown Properties’ expansion plans for the building. Now, the plans for the 240,000 square-foot office space on top of the western section of the market will need to be approved by the City Council and speaker Christine Quinn, who also represents the Chelsea neighborhood.Read More
Chelsea Market Debates Rage On
July 20, 2012
Chelsea Market and its proposed expansions have become a battlefield commanding the attention of Chelsea apartment residents and, recently, of Manhattan as a whole. The current topic of debate comes from Manhattan borough president Scott M. Stringer, who has strongly urged for the expansion plans to be vetoed unless they are reduced significantly. Stringer in particular has argued that the expansion will overwhelm and overpower the surrounding neighborhood. As a very possible candidate for mayor, Stringer’s position raises an important debate of which should matter more: the development of economic opportunity or the desires of a neighborhood’s residents.Read More