Coffee & Cap Rates

10/5/20: Episode 22 - Industry City Rezoning Application Withdrawn featuring Stephen Vorvolakos


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  • President Shimon Shkury welcomes Investment Sales Director Stephen Vorvolakos to inform our listeners in what is happening in Stephen's geographic core, Sunset Park
  • 35 acres of Sunset Park, called Industry City, were proposed to be rezoned by a group of developers that would have paved the way for a $1 billion renovation of the campus that would add big box retail, academic space, and other uses to the waterfront complex
  • Recently, a plethora of Brooklyn legislators stated that they opposed the rezoning and then the developers behind the plan decided to withdraw their application
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Coffee & Cap RatesBy Ariel Property Advisors

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