Formerly an industrial hub highlighted by a Pfizer plant, the 31 acres that comprise the Broadway Triangle at the border of Brooklyn's Williamsburg, Bushwick and Bedford-Stuyvesant sections have remained largely vacant for the past few decades. The Bloomberg administration's plans call for the creation of 1,800 housing units, 800 of which will be affordable, along with 100,000 square feet of retail and 35,000 square feet of community space.

A hotly contested area over the years as various community groups vied for a say in reconfiguring it, the Broadway Triangle entered the city's Uniform Land Use Review Procedure last June. The City Planning Commission approved the rezoning in October and the City Council's Land Use Committee gave it the nod earlier this month.

In a statement, State Sen. Martin Malave Dilan, whose district includes the Broadway Triangle, says the neighborhood provides "a unique opportunity to extend quality affordable homes to hundreds of families and reinvest in the nearby community. After many attempts to rejuvenate the area, this is an opportunity we must not pass on."

As GlobeSt.com reported on Monday, the council also gave the final sign-off on the rezoning of the Western Rail Yard, part of the 26-acre Hudson Yards site. The vote on Monday formalized the council's approval after its vote on the WRY rezoning last week, which contained technical amendments that needed the okay of the CPC. In a statement, Jay Cross, president of Related Hudson Yards, which is developing the project, says his company looks forward to working with the city, the Metropolitan Transportation Authority and the Far West Side community "to make this vision a reality."

However, the New York Times reported Tuesday that the council also made sure that its thumbs-down on another Related project, the redevelopment of the Kingsbridge Armory in the Bronx, remained in effect. The council voted to override Bloomberg's veto of its defeat of the Kingsbridge rezoning, the Times reported.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.