More than a year after Blumenfeld Development Group was chosen to build the $100 million Admiral’s Row supermarket and shopping center in the Navy Yard, nonprofit manager Brooklyn Navy Yard Development Corp. has jettisoned the developer, Crain’s reported.
Blumenfeld failed to hold up its end of the contract, according to a statement released by the Navy Yard Development Corp. Blumenfeld said increased insurance and construction costs resulting from FEMA’s revised flood zones made the project untenable. The retail center, pictured above, was supposed to break ground this year.
Blumenfeld is the second developer to be axed from the project. In 2011, PA Associates was dropped because its head was accused of bribery concerning another project.
The Navy Yard Development Corp. said it is still committed to the project, which will have 125,000 square feet of industrial space and 86,000 square feet of retail space, as well as the 74,000 square-foot supermarket. The supermarket has not yet been picked either. Blumenfeld was slated to break ground on the development this year.
The Navy Yard has started reinforcing two of the 12 decaying historic buildings on Admiral’s Row as part of the project, said the story. The Navy Yard currently has 300 tenants and employs about 6,400 people there, “double the number employed there in 2001,” said Crain’s.
Rendering by GreenbergFarrow