The trio of partners behind Manhattan's popular Chelsea Market plan to apply its successful blueprint to the long-derelict waterfront complex, and build a hotel.
The redevelopment is expected to create nearly 20,000 jobs in the area.
“A hotel could benefit the area as it becomes a more active and populated office and manufacturing neighborhood,” said Carlo Scissura, president and CEO of the Brooklyn Chamber of Commerce.
Because of zoning regulations in the manufacturing district, the partnership has formally requested permission from the city for a variance.
The partnership has asked the city to address infrastructure upgrades needed in the surrounding area, including the Gowanus Expressway, which runs parallel to Industry City, as a condition for making the $1 billion investment. “We all want something to happen with the Gowanus Expressway,” said Scissura.
In particular, they hope the Gowanus Expressway and Third Avenue can be "brighter and safer and more bike-friendly."
Since 2013, Industry City has attracted new tenants from Rooftop Films to bakeries to 3-D printing house MakerBot.
Last year, the Brooklyn Nets signed on to open a 70,000-square-foot training facility at the complex.
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