Industry City announces $1 billion redevelopment plan to create nearly 20,000 jobs
As Sunset Park continues to boom, Industry City is setting its sights on drastically raising its employment as well as redeveloping the massive 16- building, six million-square foot space.
Industry City CEO Andrew Kimball introduced a proposal on Monday, March 9 that would bring over $1 billion in private investment to the waterfront property as well as add 20,000 jobs to the neighborhood within 12 years, which Kimball said would benefit local residents.
“At his speech last Thursday, the mayor called on the private sector to step up and create good, local paying jobs. That’s what this project is all about,” said Kimball. “After decades of decline, we are about to launch an era of economic growth, including four million square feet of innovation economy and modern manufacturing space.”