Real Estate Weekly

Once completed, the property promises to have a meaningful effect on local job growth with its requirement that commercial tenants pay living wages to its estimated 4,000 employees. “From start-ups to expanding firms, this new workspace is going to put thousands of New Yorkers to work and help launch the next great wave of home-grown innovation. We are growing the Navy Yard’s capacity for manufacturing, tech and the maker economy faster than any time in its modern history,” said Alicia Glen, the deputy mayor in charge of housing and economic development. The property, which will be located on a 60,000 s/f strip that extends to the East River, was designed by S9 Architecture, with a scheme that “celebrates the surrounding maritime and industrial history of the Brooklyn Navy Yard.” It also contains 35,000 s/f of amenities such as a health and wellness center and a rooftop conference center. “The tenants that occupy this new building will contribute to the modern industrial ecosystem of the Yard — where technology, design and manufacturing converge. The shared work space will nurture hundreds of small businesses and spark the next generation of large-scale employers in the Yard,” said David Ehrenberg, the president and CEO of the Brooklyn Navy Yard Development Corporation.