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Article: Willets Point plans inches forward.(Brief article)
- Article from:
- Real Estate Weekly
- Article date:
- July 9, 2008
- Author:
CopyrightCOPYRIGHT 2008 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The city's move to dramatically redevelop the Willets Point neighborhood, where more than 260 chop shops and other industrial properties call home, took another step forward.
Community Board 7 recently voted to back the plan to transform the site into a residential and retail area, plus a hotel and convention center.
The vast majority of news reports called the split decision a victory for the Bloomberg administration. But Daniel Feinstein, co-owner of Feinstein Ironworks, located in the so-called Iron Triangle, said the vote is actually a win for business owners like him who oppose the plan.
"They said we'll support the plan with 8 or 10 ...