Wallabout Industrial Complex Snapped up for Tech, Retail Development


An LLC called 11-45 Ryerson Holdings has closed on an industrial property at 29 Ryerson Street with plans to convert the space into offices for tech tenants and put in retail, according to Crain’s. The development is part of a growing trend in Brooklyn to remake industrial space for Brooklyn’s “new-manufacturing economy,” according to the story, which cited the Navy Yard and Industry City as other examples. The property is located in Wallabout across from the Navy Yard and includes an eight-story, 192,000-square-foot warehouse, a one-story 8,070-square-foot industrial building, and a parking lot. In March, The Real Deal previously reported that Ryerson Equity was in contract to purchase the site for $26,250,000 and planned to put in retail, a gym, and a hotel. Now it sounds as if that is off the table. What would you like to see go into this space?

$26M Wallabout Warehouse to Be Reborn as Offices [Crain’s]
Wallabout Warehouse Complex to Become Hotel [Brownstoner]
Huge Industrial Site for Sale in Wallabout [Brownstoner] GMAP

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