Fire rips through Hunts Point Terminal Market

New York /
Nov.November 20, 2013 03:25 PM

Hunts Point Terminal Market in the Bronx suffered a massive blaze this morning that devoured one building.

The fire, which started in one of the facility’s buildings on Edgewater Road and drew at least 130 firefighters to the scene, raged for more than an hour, according to an official report cited by the New York Daily News. No injuries were reported.

The destructive flames come as the market’s much-needed redevelopment hangs in the balance as a result of failed negotiations with the city. The co-op, which held a 30-year lease that expired in 2001 and a three-year gap lease that ends in May, abandoned talks with the city in September, saying it would instead wait to deal with the next mayoral administration.

Hunts Point market previously attempted to bring a lawsuit against the city over the lease and redevelopment, but was forced to abandon the procedure because it did not provide the city with the required 30 days’ notice before filing a complaint. [NYDN]Julie Strickland


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
JLL CEO Christian Ulbrich. (Getty)
JLL explores sale of China property management wing
JLL explores sale of China property management wing
Birmingham and Bournemouth both saw a giant increase in demand. (Getty)
Demand for rentals rises in UK’s largest cities in Q1
Demand for rentals rises in UK’s largest cities in Q1
This Arkansas compound  sits directly across from the University of Arkansas football stadium. (Getty, Realtor.com)
Arkansas’ priciest home lists near Fayetteville football stadium
Arkansas’ priciest home lists near Fayetteville football stadium
Philip Falcone and his homes at 142 Crestview Lane in Sagaponack and  22 East 67th Street (Getty, Corcoran, Google Maps)
Foreclosure on Phil Falcone’s homes can move forward
Foreclosure on Phil Falcone’s homes can move forward
Softbank CEO Masayoshi Son and Compass CEO Robert Reffkin (Getty, Compass)
SoftBank buys $72M of Compass stock
SoftBank buys $72M of Compass stock
arrow_forward_ios

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

Loading...