City: Sunset Park Warehouse to be Redeveloped
Yesterday the city announced that it’s picked a developer for Federal Building #2, the huge warehouse on 32nd Street and 3rd Avenue in Sunset Park. The EDC said it’s chosen Salmar Properties for the project, and that the firm will turn the 1.1 million-square-foot building into a “state-of-the-art industrial center” that will create 1,300 permanent…
Yesterday the city announced that it’s picked a developer for Federal Building #2, the huge warehouse on 32nd Street and 3rd Avenue in Sunset Park. The EDC said it’s chosen Salmar Properties for the project, and that the firm will turn the 1.1 million-square-foot building into a “state-of-the-art industrial center” that will create 1,300 permanent industrial jobs. The building, which is owned by the federal government, will be handed over to the city and then the developers; an EDC document that sheds some light on the development team says Salmar will purchase Federal #2 for $10 million and they’re required to use the building for industrial purposes for 30 years. The city had previously chosen Time Equities to develop the building but then started looking for another developer in 2009 after the firm pulled out of the project. When Time Equities was at the helm, the redevelopment was going to result in a mixed-use concept with retail rather than the straight-up industrial project now planned.
Federal Building #2 For Sale Once More [Brownstoner] GMAP
Time Equities Bails on Bush Terminal Plans [Brownstoner]
Sunset Park’s Federal #2 a Potential Lifeboat for Creatives [Brownstoner]
Photo from PropertyShark.
The entire Sunset Park waterfront area is being redeveloped and there has been a successful push to keep it industrial so that the mass exodus of jobs to New Jersey , Pennsylvania and other surrounding states stops. I guess all the Williamsburg by way of the midwest folks would rather it be turned into residential high priced lofts that only they, or should I say their parents, can afford.
And……..Bicycles? Really?
be wary that it will “create” 1,300 jobs… it will house 1,300 industrial jobs that would have been located elsewhere. An economic developers slight of hand with language. This will “create” some temporary construction jobs and will give home to some people looking to relocate their businesses within the city, but it is unlikely that creating this space will all of a sudden spur some company to going on a hiring binge
Actually the small industrial tenants, whom i call ‘craft’ tenants, tend to pay good wages, employ craft people they are loyal too and have tight teams. I know this from leasing to them, knowing them socially and being in their spaces.
Large sweat shops are nearly gone from NYC. And new ones ain’t coming.
They should only be allowed to set up here if they make a big promise to commute by, and deliver everything by, bicycles.
Ironically, the one thing besides jobs the sunset park community is shouting for is retail, especially a Target or other big box on that land, which i imagine will used for parking
And saying Brooklyn is over-retailed is inaccurate. Wildly under stored, compared to other ‘cities’ of comparable size.
Glad the developer will do jobs, though leasing to ‘light industrial tenants’ on this scale will take years and building needs entire top to bottom reno has zero infrastructure
It’s also rumored a live poultry slaughterhouse will be relocating here.
*rob*
It’s going to be 45 artisan food factories, mostly chocolatiers, cup cake mavens, honey bee colonists, cheese cake moguls, along with a smattering of sustainable clothing lines such as $185 t-shirts made of hemp. Each ‘industrial factory’ will be made up of 25-30 person workforce, drawn primarily from the easily exploitable new immigrant groups that have always made NYC the greatest city in the world.
dont count on decent pay, that aint happening any time soon.
ugh! enough with f’ing retail already. this city is mad over saturated with it. an industrial building tht provides 1300 jobs is a GOOD thing. now hopefully these jobs are actually decent paying.
*rob*