Waterfront development in Sunset Park promises jobs
Federal Building #2 in Sunset Park is officially underrenovation.
Business and elected leaders from Brooklyn and New York Citygathered on Thursday, October 20, at the waterfront site thatstretches from Second to Third Avenue and 30th to 32nd Street tobreak ground on a project to transform the existing building froman empty warehouse into a manufacturing and industrial hub.
The 1.1 million square foot building was sold by the city twomonths ago to New York-based developer Salmar Properties and isestimated to create at least 400 construction jobs and 1,300permanent jobs – which is required for the developer to receiveapproximately $37 million in sales and real estate tax exemptionsapproved by the New York City Industrial Development Agency.