BROOKLYN, N.Y. – Where some saw a vacant pier at the Brooklyn Navy Yard, CEO & Co-Chairman of the Rudin Management Company Bill Rudin saw a future hub for the city’s growing tech industry.
“That’s what the world is about today. Attracting and retaining employees, keeping them happy, and competing against large companies like Google and Facebook,” said Rudin. “Probably four to five-thousand, maybe six-thousand thousand jobs will be here in the building.”
Dock 72 is a 675,000 square foot building, under construction since 2016. When done, it will feature traditional offerings such as office space and conference rooms, along with unique amenities like a full service fitness center, a food hall complete with juice and latte bars, a ground level basketball court and rooftop terrace and spectacular views of Lower Manhattan.
“The whole idea is for people to come here and not want to leave,” Rudin said.
The anchor tenant at Dock 72 is WeWork, which claimed six stories on the river-facing side of the building.
The rest of the space is still open, but Rudin says he’s confident more leases will follow.
“Today, every company is a technology company. A bank has tech divisions, fin-tech, health care, so it’s a broad range of prospective tenants that we’re talking to,” Rudin said.
This isn’t Bill Rudin’s first rodeo. He comes from a dynasty of New York City developers that started with a single brownstone building in 1905.
Today, the family-run company manages dozens of commercial and residential properties around Manhattan. But Dock 72 – which is being co-developed by Boston Properties – is a step outside their wheelhouse.
“To go across the river into Brooklyn was a challenge, but it really energized us,” Rudin said.
While white collar jobs are moving in, Dock 72 still has blue collar neighbors – including a working drydock right next door. But Rudin says it’s a natural fit.
Nov. 28, 2018 – 8:38 – Rudin Management CEO William C. Rudin on big tech’s impact on commercial real estate and the outlook for Federal Reserve policy.
Bill Rudin, co-chairman and chief executive officer at Rudin Management, discusses the impact of rising interest rates on New York City real estate, his firm’s newest development in Brooklyn, and the prospect of government help on infrastructure. He speaks on “Bloomberg Daybreak: Americas.” (Source: Bloomberg)
One of New York’s most influential landlords, Rudin Management, got into the PropTech biz in 2016 when they founded Prescriptive Data in 2016. Their flagship product, called Nantum, was billed as an operating system for buildings and used machine learning to help turn building data into insights for building operators.
Yesterday at the Realcomm conference in Las Vegas the Prescriptive Data team unveiled their latest product in the Nantum line, The Nantum Tenant Fractal App. This new product allows tenants to manage guests, expedite security and access, reserve rooms and amenities and order food and beverages, all from their personal smartphone. Nantum TFA will also give tenants unique access to the building management through issue reporting and HVAC preferences.
Now tenants will benefit from the insights that Nantum learns just like the managers and owners did from the original building software. John Gilbert, EVP and COO at Rudin Management explained, “The Nantum Tenant Fractal App, and the data it captures, fundamentally changes our relationship with our tenants – more than being landlord, we can now deliver data and insights to our tenants to help them increase the health, wellness, and productivity of their employees.”
S9 Architecture’s glassy, stepped structure on the Brooklyn waterfront, known as Dock 72, is getting ready for a December debut. The facade was mostly complete and some floors on the interior were close to ready for tenant build-out when Brownstoner stopped by Friday.
An unusual new-construction office and light manufacturing development in the Brooklyn Navy Yard, the project is a joint venture between Boston Properties and Rudin Management in collaboration with WeWork. (The developers have a ground lease from the Navy Yard for the site.)
The 16-story, 675,000-square-foot building was designed by S9 to fit on on a slim peninsula that juts into Wallabout Bay. The design was partly inspired by a boat hull, according to the Architect’s Newspaper. Slim concrete struts and orange stripes break up expanses of glass on the facade.
The glassy cladding has reached all but the top two stories. Construction continues on the plaza, entrances, walkways and ground floor.