Another Big New Development on Tap for the Navy Yard
At 98 percent occupancy, the Brooklyn Navy Yard is booming, according to an article in the Daily News. Space at the industrial zone is in such high demand that a portion of it near Sands Street will be offered to private developers. The Navy Yard is seeking developers to construct a four-story, 135,000-square-foot building on…
At 98 percent occupancy, the Brooklyn Navy Yard is booming, according to an article in the Daily News. Space at the industrial zone is in such high demand that a portion of it near Sands Street will be offered to private developers. The Navy Yard is seeking developers to construct a four-story, 135,000-square-foot building on the site of an NYPD tow lot. (The photo of the Sands Street entrance above, from the Navy Yard’s archives, was taken in the early 1900’s.) The police lot will be reduced in size, and the developer will get a 40-year lease. The news of the new development follows recent announcements that Steiner Studios is undertaking a massive expansion at the yard and B&H Photo is also in the midst of a huge, $50 million expansion there. “I think the significance here is that we’re so confident in the quality of space at the Navy Yard now that if we build it they will come,” says Navy Yard Development Corp. President Andrew Kimball. “We couldn’t have said that 15 years ago.”
Navy Yard Renaissance in Full Swing [NY Daily News]
Naval Hospital to Go Hollywood (East) [Brownstoner] GMAP
Boom Times at the Navy Yard [Brownstoner]
Boom Times at the Navy Yard [Brownstoner]
Video: Inside the Brooklyn Navy Yard [Brownstoner]
Photo courtesy of the Brooklyn Navy Yard Development Corp.
Love that photo. Shows that at one time, there was pride of place for our civic/military/public places. Too bad they forgot that and let the disgrace of Admiral’s Row occur.
Glad the Yard is doing so well. You’d think that would translate into their willingness to figure out something positive for the Row, something that would bring more people there, instead of plowing it under.
Well, yesterday we learned that a developer is going to preserve the old brewery in Crow Hill. Maybe another miracle will happen here.
I am not so sure the Navy Yard knows who their tenants are. A year and half later they still think we are tenants. “hello we are getting complaints that someone is skateboarding in the hall”. ” Um sorry we have not been a tenant for a year and half” “OH”. Now that is security!
You need to fix that typo there stoner. I’m sure it’s not a 260 Acre portion since the whole Navy Yard is 300 acres. More likely it’s a 2.6 acres site.
-Ella
You need to fix that typo there stoner. I’m sure it’s not a 260 Acre portion since the whole Navy Yard is 300 acres. More likely it’s a 2.6 acres site.
-Ella
Love this news, Mr. B, especially the old photo.