NYC: Late Deal Helps Chelsea Market Expansion Clear Hurdle

Last-minute meetings Thursday over a proposal to expand the Chelsea Market yielded a deal in which the Bloomberg administration guaranteed city funding for 150 units of affordable housing near the complex. The deal emerged from talks between City Council Speaker Christine Quinn, developer Jamestown Properties, the Bloomberg administration and neighborhood advocates who had opposed plans to build roughly 290,000 square feet of commercial space atop the market. It was the one of the last concessions won during months of debate over the project, including reductions in the scope of the expansion, commitments not to alter aspects of the facade and agreement to maintain 75% of the ground-floor space for food-related businesses. Following the agreement, the City Council’s land-use committee voted to approve rezoning needed for the market’s expansion, paving the way for the full council to approve the project next week.

WSJ

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