Navy Yard CEO Kimball steps down
Will join real estate firm
Andrew Kimball, who was appointed by Mayor Michael Bloomberg in 2005 as president and CEO of the Brooklyn Navy Yard Development Corporation, will be leaving his position at the end of this month to join the real-estate management and asset development firm of Jamestown Partners, the Navy Yard announced.
As president and CEO, Kimball and his team implemented a $250 million public investment program, which leveraged some $750 million in private investment. During his tenure, the Yard’s tenant roster grew to more than 300 industrial businesses with 6,400 employees, up from 3,600 in 2001.
More than 2 million square feet of new space is now being developed to serve the Yard’s waiting list of more than 100 firms, with employment at the Yard expected to double within five years.
“There would not be a booming Brooklyn economy or the return of manufacturing jobs to our borough if not for the work and leadership of Andrew Kimball,” said Carlo Scissura, president and CEO of the Brooklyn Chamber of Commerce. “Andrew helped transform a once-abandoned area that featured crumbling piers into a modern industrial park with nearly 300 tenants.
“The variety of industries located at the Navy Yard — from set designers to furniture makers to computer techies — speaks to Andrew’s ability to attract businesses to Brooklyn,” he said.
Alan Fishman, chair of the Brooklyn Navy Yard Development Corporation’s board of directors, said, “For years, the Navy Yard languished as an underperforming asset. Andrew and his team were able to work with area stakeholders – elected officials, businesses and community residents – to open the Yard, create jobs, and help prepare area residents for employment opportunities.”
Kimball will join Jamestown Properties as director of Innovation Economy Initiatives. In his new role, Kimball will oversee transformation of Jamestown’s portfolio of outdated urban industrial properties into modern manufacturing and tech complexes.
“Andrew Kimball has redefined what an urban manufacturing complex can be, and in the process he has demonstrated that he has the vision, passion and capacity that is the right fit for Jamestown.
The Brooklyn Navy Yard is owned by the City of New York and managed by the not-for-profit Brooklyn Navy Yard Development Corporation. BNYDC leases space in the Yard, promotes local economic development, develops underutilized areas and oversees modernization of the Yard’s infrastructure. Established in 1801, the Brooklyn Navy Yard served as one of America’s pre-eminent military facilities for more than 150 years. Today, the Yard is a thriving industrial park with more than 300 businesses that employ 6,400 people.
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