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Meatpacking District to lose last of its beef businesses as trendy nabe eyes new housing deal

Meatpacking District to lose last of its beef businesses as trendy nabe eyes new housing deal


This article was originally published on NY Post - Business. You can read the original article HERE

The Meatpacking District’s last remaining meatpackers might soon give way to 600 rental apartments, a Whitney Museum expansion and new facilities for Friends of the High Line, Realty Check has learned.

The meat merchants, which once numbered in the hundreds, dwindled to a mere few in recent decades as the area drew luxury hotels, trendy restaurants and high-end fashion retailers including Gucci and Hermes.

The last seven meatpackers in Meatpacking District are clustered in low-rise brick buildings on a 66,000 square-foot, city-owned parcel of land east of Tenth Avenue between the Whitney and the Standard Hotel. ZUMAPRESS.com

Under an historic agreement with the Economic Development Corp., the last seven meatpackers in the Gansevoort Market Co-Op will move out  ahead of their 2032 lease expiration. They’re clustered in low-rise brick buildings on a 66,000 square-foot, city-owned parcel of land east of Tenth Avenue between the Whitney and the Standard Hotel.

Mayor Eric Adams’ “new vision” for what’s to be called Gansevoort Square includes “600 mixed-income housing units,” of which 300 would be affordable, as well as “a massive new open pavilion and the city’s next cultural and artistic hub.”

Meat merchants, which once numbered in the hundreds, dwindled to a mere few in recent decades as the area drew luxury hotels, trendy restaurants  and high-end fashion retailers including Gucci and Hermes.
Meat merchants, which once numbered in the hundreds, dwindled to a mere few in recent decades as the area drew luxury hotels, trendy restaurants  and high-end fashion retailers including Gucci and Hermes. Credit is Steve Cuozzo

First deputy mayor Maria Torres Springer is expected to announce the agreement at a Monday morning gathering of the Association for a Better New York.

EDC president Andrew Kimball said the “mutual decision” for the meat market to leave “unlocks enormous potential to expand what is becoming a premier cultural destination for New Yorkers and tourists alike.”

Gansevoort Market president John Jobbagy said  “technological advances” had made the market’s processing facilities obsolete. 

“This opportunity [to leave] has come along at the right time,” Jobbagy added.

But what happens next was unclear. A source said the meat companies weren’t obligated to move out “until a project for the site is secured.”

And although the city has prioritized housing, an insider said the agreement gives the Whitney “right of first offer” over the entire site.

Whitney director Scott Rothkopf said the museum had “engaged in promising talks with the city and Friends of the High Line about a unique opportunity to expand onto a neighboring city-owned site.”

Friends of the High Line executive director Alan van Capelle said he’s had “early conversations with the City and the Whitney Museum” for additional space “to better serve the elevated park’s seven million annual visitors.”

This article was originally published by NY Post - Business. We only curate news from sources that align with the core values of our intended conservative audience. If you like the news you read here we encourage you to utilize the original sources for even more great news and opinions you can trust!

Read Original Article HERE



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