Foodies present obstacle to city’s Hunts Point market lease negotiation

New York /
Apr.April 25, 2012 01:30 PM

The local food movement is styming the city’s best effort to keep the Hunts Point wholesale produce market, and it’s 3,000 jobs, in the South Bronx and away from the Garden State, according to the New York Times. The city has been negotiating with the cooperative that owns the 45-year-old market in hopes of reaching an agreement by June 29, at which point New Jersey would reopen talks with the market.

But New York food advocates are pressing the city to include space for mid-size New York-based farms  — typically less than 300 acres on Long Island and the Hudson Valley — that are too large to profit from the small green markets that pop-up in parks and streets. The Times said just 4 percent of the $2.3 billion worth of food sold each year at Hunts Point comes from the state.

GrowNYC has proposed a $12 million center in or near Hunts Point that includes indoor space space with refrigeration and a storage room, so that the mid-size local farmers can sell directly to wholesale customers. The hub would also benefit the many restaurateurs that leverage the local food movement, serving as a one-stop shop for their produce needs.

But the cooperative, which currently pays $4.5 million rent annually for its 105 acres, is concerned with the competition presented by those farms, which typically carry less burdensome labor contracts. It might look across the Hudson River if it can’t remain competitive in the South Bronx.

As a result, despite the pressure, city officials told the Times their chief concern is securing the long-term lease with the existing cooperative and funding part of a $350 million renovation to the market. [NYT]


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
(Getty)
Manhattan buyers shun fixer-uppers
Manhattan buyers shun fixer-uppers
Sandeep Mathrani (left) is WeWork's current CEO after replacing Adam Neumann (right) in 2019 (Getty, WeWork)
WeWork stock up on first day, but profitability still fuzzy
WeWork stock up on first day, but profitability still fuzzy
Clockwise from left: Vornado's Steven Roth with 61-19 Junction Boulevard, Rego Park, Silverstein Properties' Larry Silverstein with 44-01 Northern Boulevard in Astoria and BEB Capital's Bert Brodsky with 1065 Atlantic Avenue in Bedford–Stuyvesant (Images via Google Maps, Getty Images, BEB Capital)
Vornado, Silverstein, BEB propose major mixed-use projects
Vornado, Silverstein, BEB propose major mixed-use projects
City expands program that bars construction over tenant harassment
City expands program that bars construction over tenant harassment
City expands program that bars construction over tenant harassment
Former Washington Prime Group CEO Lou Conforti (Twitter, iStock)
Washington Prime Group back from bankruptcy; CEO out
Washington Prime Group back from bankruptcy; CEO out
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...