Saturday, February 18, 2012

Petition to Save Chelsea Market

Updated 18 June 2012 : Save Chelsea From Christine Quinn

Oppose the Plan to Rezone Chelsea Market

From :

The new owners of Chelsea Market are seeking a zoning change to allow them to build a very large office building atop the 10th Avenue end of the complex, and a very large hotel on the 9th Avenue end. Currently they cannot build more upon this already very densely-developed site, and this will only happen if they convince the Borough President, the City Planning Commission, and the City Council to change the zoning regulations for their block to allow them to build (for images of the proposed additions to Chelsea Market, see here.

The Chelsea Market complex, built in stages from the late 19th through the early 20th centuries as a factory for Nabisco, is a stunningly successful example of adaptive re-use, which respected the history of these buildings while giving them new life. This new plan would undo that respectful relationship, as these huge new additions would literally loom over the historic buildings as well as the nearby High Line park.

Additionally, the surrounding West Chelsea and Meatpacking District neighborhoods have developed tremendously in recent years; in the case of West Chelsea, this is because the City upzoned the neighborhood in 2005 to encourage the tremendous amount of development seen around there now. This part of Chelsea and the Meatpacking District do NOT need a further upzoning that would add traffic and shadows, ruin a historic complex, and further tip the balance of this neighborhood towards commercialization and overly-dense, large-scale development.

As usual, activists are worried that City Council Speaker Christine Quinn, City Planning Socialite Amanda Burden, and Manhattan Borough President Scott Stinger will betray the community by approving the FAR Rezoning of Chelsea Market.

1 comment:

  1. In a published German language interview from last April, Jamestown founder and CEO Christoph Kahl spoke about some of the most positive aspects of Chelsea Market, and Jamestown's plans for it...
    “Chelsea Market had a value of 290 million dollars in the summer of 2003, when we became the majority owners. Since then, the value increased to nearly $800 million. If the former investors in the fund number 24 take our offer, they achieve a sales income of 133 percent of their capital investment. The total return including dividends paid will amount to 305 percent. And the air is still not out. The goal is to increase the revenue asset within the next ten years by a further 50 percent. This convinces the big investors to accept the prize.”

    Does he talk about the aesthetics of the project? The benefits to the community? The jobs that will be created? No - he talks about a whopping 305% windfall for the investors and Jamestown. ("And the air is still not out!") Zoning is not intended to facilitate windfalls for private companies and investors. Please sign the petition!