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Expansion to Industry City gets lift from Brooklyn Borough President

A bitterly controversial proposal to expand Brooklyn’s Industry City got a boost on Monday when Borough President Eric Adams conditionally approved most of the plan’s major elements and left open the door to approving the rest. Site owners Belvedere Capital, Jamestown and Angelo Gordon & Co. want to change Industry City’s zoning to allow them to build three more buildings and to add larger stores and other amenities. The rezoning would add 1.45 million square feet of rentable floor area to the site’s current 6 million square feet — a roughly 25 percent increase. Adams’ position, which an Industry City insider termed “largely favorable,” was announced while the complex’s owners sweat out an upcoming decision by the C ...
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