Andrew Kimball and an aerial view of the Brooklyn Navy Yard

Andrew Kimball, who spearheaded the development of the Brooklyn Navy Yard into an industrial, tech and media hub, will join Jamestown Properties as its director of innovation economy initiatives, GlobeSt reported. Kimball officially served as the president and CEO of the Brooklyn Navy Yard Development Corp., the group that oversees the 300-acre waterfront area. [more]

90 Fifth Avenue

Deutsche Asset & Wealth Management, an arm of Deutsche Bank, is close to gaining an ownership stake in 90 Fifth Avenue, the former home of Forbes, Crain’s reported.

The deal, in which Deutsche is seeking a preferred equity stake, would value the 11-story, 140-square-foot property at $115 million. Multiple parties remained in talks to potentially buy a stake in the property, the newspaper said. [more]

Brooklyn Bridge Park

Several big-name developers are clamoring for the right to develop three separate sites at Brooklyn Bridge Park, Crain’s reported. [more]

From left: the Chelsea Market and the Falchi building at 31-00 47th Avenue in Long Island City

Is a Chelsea Market-type mixed-use development coming to Long Island City? Jamestown Properties, the owner and developer of the Chelsea Market, is considering transforming an office property it nabbed there last year into a similar type of marketplace, said the company’s chief operating officer, Michael Phillips. [more]

450 W. 15th St. and Larry Gluck

Thanks in part to an unusual piece of seller-financing, Jamestown Properties has closed on its $295 million purchase of the Milk Studios building from Stellar Management, city records show. Records filed with the city Friday show a transfer price of $284.4 million, but The Real Deal has learned that the sale price actually ticks in at $295 million. The New York Post reported in early December that the 281,361-square-foot property, located at 450 West 15th Street in the Meatpacking District, was approaching a sale for $300 million. [more]

Chelsea Market’s food concourse

With the expansion of the Chelsea Market approved, some worry that the historic building’s food concourse will shrink or be removed, DNAinfo reported. Despite claims by City Council Speaker Christine Quinn that  it would be protected, Jamestown Properties — the building’s landlord — has no legal obligation to keep the concourse following the expansion.  [more]

Chelsea Market

The City Council’s approval of the controversial Chelsea Market expansion will soon send two office towers soaring above the former warehouse building. But before construction gets underway, the existing landmarked building will undergo an interior renovation that will add eight new retail spaces without altering the structure’s exterior, according to the New York Times. [more]

From left: a rendering of Chelsea Market and Council Speaker Christine Quinn

The City Council voted unanimously today to approve the rezoning of Chelsea Market, paving the way for developer Jamestown Properties to build a nine-story office tower atop the converted cookie factory.

Over the course of the approval process, Jamestown had made several concessions to city planning officials and opponents of the project, nixing a plan to build a hotel and earmarking money for affordable housing. [more]

Jamestown CEO Matt Bronfman

Jamestown Properties may abandon a deal to buy a Fifth Avenue office building after the tenant, a unit of financial publisher Forbes Media, repeatedly failed to pay rent, the Wall Street Journal reported, citing anonymous sources familiar with the situation.

Jamestown, the Atlanta-based developer that is also seeking to expand the Chelsea Market, was set to pay $115 million for the 11-story property. But shortly after the company struck a deal with the building’s owner, RFR Realty, in July, the Forbes unit stopped paying rent, sources told the Journal. [more]

Chelsea Market rendering

The City Council zoning subcommittee today approved the upzoning of the Chelsea Market block, which will potentially allow Jamestown Properties to build its expansion atop the Chelsea Market structure. Next comes the full Council vote, which is slated for Oct. 30 and will be the final word on whether the plan can move forward.

However, the approval of the subcommittee is considered to be a last step for the project, as the full Council almost never votes against its subcommittees, Crain’s reported. [more]