A year after Amazon’s stunning defeat in Queens, Industry City’s capitulation in Brooklyn marks a new low point for the real estate industry. The owners of the 35-acre Sunset Park campus withdrew their rezoning application Tuesday night as mounting political opposition doomed its chances in the City Council. The decision makes clear that Amazon’s abandonment 19 months ago of a multi-billion-dollar headquarters planned for Long Island City was not an outlier. For decades, the promise
source https://therealdeal.com/2020/09/23/real-estate-hits-bottom-as-industry-city-abandons-plan/
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