(Re)Construction Underway at Navy Yard’s Building 128


    Work is underway on the $46 million Green Manufacturing Center at the Brooklyn Navy Yard. Announce in mid-May by Governor Cuomo, Mayor Bloomberg and Borough President Markowitz, the New York City Regional Economic Development Council priority project will convert three World War II-era buildings into 220,000 square feet of LEED Silver-certified high tech manufacturing space. The multi-tenant complex, which includes Buildings 28, 123 and 128, already has two anchors in place: Body armor producer Crye Precision will lease 80,000 square feet and sustainable design firm Macro Sea will take another 50,000 square feet for its New Lab project that will collaborate with design firms and university programs. Funding sources for the $46 million project break down as follows: $6 million from Empire State Development, $7.5 million from the New York City Council, $2.5 million from the Brooklyn Borough President and $2.5 million from the U.S. Economic Development Administration, with the Brooklyn Navy Yard Corporation financing the rest through the federal EB-5 program. On top of that, both Crye and Macro Sea will invest approximately $10 million each on their own build-outs.

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