From the Greenwich Village Society for Historic Preservation, Save Chelsea, Chelsea Council of Block Associations, The Chelsea-Village Partnership, and the Chelsea Reform Democratic Club:
The new owners of Chelsea Market are seeking a zoning change to allow them to build a very large office building atop the 10th Avenue end of the complex, and a very large hotel on the 9th Avenue end. Currently they cannot build more upon this already very densely-developed site, and this will only happen if they convince the Borough President, the City Planning Commission, and the City Council to change the zoning regulations for their block to allow them to build (for images of the proposed additions to Chelsea Market, see here.
The Chelsea Market complex, built in stages from the late 19th through the early 20th centuries as a factory for Nabisco, is a stunningly successful example of adaptive re-use, which respected the history of these buildings while giving them new life. This new plan would undo that respectful relationship, as these huge new additions would literally loom over the historic buildings as well as the nearby High Line park.
Additionally, the surrounding West Chelsea and Meatpacking District neighborhoods have developed tremendously in recent years; in the case of West Chelsea, this is because the City upzoned the neighborhood in 2005 to encourage the tremendous amount of development seen around there now. This part of Chelsea and the Meatpacking District do NOT need a further upzoning that would add traffic and shadows, ruin a historic complex, and further tip the balance of this neighborhood towards commercialization and overly-dense, large-scale development.