Brooklyn Navy Yard to transform empty building into biomedical and tech hub
The next step in the Brooklyn Navy Yard’s rebirth and evolution into a tech, manufacturing, and creative hub will be the transformation of Building 77 from an empty concrete shell into a bustling business hub.
The Brooklyn Navy Yard Development Corporation (BNYDC) today announced the news of the impending $80 million, privately-financed renovation of the site’s largest building — a 16-story former ammunition building with one-million-square-feet of space, two-feet-thick walls, and windows on the top floors — and said that the project already has an anchor tenant in Brooklyn-based Shiel Medical Laboratory, which will take up 240,000-square-feet.
Shiel’s developer, Jack Basch, said that the decision to move his lab out of a smaller space elsewhere in the Yard made sense for him, as “the Navy Yard is one of the hottest areas” for business and innovation in Brooklyn, and because he will be able to add 300-400 new employees and lease 180,000-square-feet of space to other companies.