T
he remaining seven meatpackers in the Gansevoort Market Co-Op will relocate from their 66,000-square-foot city-owned space east of Tenth Avenue by 2032 as part of a deal with the Economic Development Corp. The agreement marks the end of an era for the Meatpacking District's beef businesses, which have dwindled in recent years due to the area's transformation into a luxury destination.
As part of a "new vision" for the space, Mayor Eric Adams plans to build 600 mixed-income apartments, with half being affordable for lower-income residents. The site will also feature artistic and cultural centers. First Deputy Mayor Maria Torres Springer announced the proposal, citing a multi-agency collaboration that showcases the government's capacity to reinvent.
The city's next steps are unclear, as the meat purveyors are not obligated to relocate until a project is locked in. However, talks have begun between the Whitney Museum and Friends of the High Line about expanding the popular attraction, which sees over seven million visitors annually. The Whitney retains "right of first offer" over the site, but no further details on the collaboration have been disclosed.
realestate
Meatpacking's Legacy Butchers Face Extinction
Meatpacking District's remaining beef businesses face relocation as Gansevoort Market Co-Op closes.
Read More - realestate
realestate
Rockford Housing Market Gains Momentum with New Hispanic Real Estate Partnership
City leaders expect NAHREP to boost Hispanic homeownership rates.
Read More - realestate
realestate
Commercial Real Estate Forum Held by Southeastern Association
Sandoval Economic Alliance holds partner luncheon at Quezada's Comedy Club, focusing on commercial real estate.
Read More
realestate
Commercial Real Estate Forum Held by Southeastern Association
Sandoval Economic Alliance holds partner luncheon at Quezada's Comedy Club, focusing on commercial real estate.