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Developers unveil $1B Brooklyn hipster mega-project
March 10, 2015
Brooklyn's Industry City unveiled its much-anticipated redevelopment plan Monday, and it envisions something unprecedented in New York: the conversion of a dilapidated manufacturing site into a bustling complex that infuses industry with retail space, academic partnerships and even a hotel. Crain's first reported that a hotel would be proposed for the site on Friday.
The project is ambitious in its combination of other uses with an industrial backbone, a contrast to manufacturing venues' usual preference for isolation. The plan is a testament to the evolution of industrial businesses and to the need for more revenue than manufacturing alone would provide to pay for extensive upgrades to the long-neglected complex on Sunset Park's waterfront.