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Community to sound off on Jamestown's Chelsea Market addition.

In its bid to gain community favor for its 300,000-square-foot addition to the Chelsea Market, Jamestown Properties plans to attend a community board meeting tonight where locals are slated to sound off on the proposal, reported.

Jamestown bought out its partners, Angelo, Gordon & Co., Belvedere Capital and Irwin Cohen, in the mixed-use building for $225 million in February, and immediately embarked on a campaign to expand the market. The glass addition to the existing brick structure, at 75 Ninth Avenue, would have hotel and office space.

The addition is not expected to be approved without at least some resistance.

Andrew Berman, executive director of the Greenwich Village Society for Historic Preservation, opposes the plan, saying it would "tip the balance in the neighborhood" too far towards commercialization. Even if the community board gives Jamestown its blessing, the firm's proposal must undergo a complete review by the city's Uniform Land Use Review Procedure.

"Although Jamestown Properties was not asked to be a part of tonight's discussion, we are interested in listening to our neighbors and thought it was important for us to attend," said Jamestown spokesperson Lee Silberstein. [GlobeSt]
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Publication:The Real Deal
Date:Nov 10, 2011
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