Leasing surge brings jobs to the Brooklyn Navy Yard
The Brooklyn Navy Yard welcomed new tenants working in beverage manufacturing, apparel, architecture and design in the first half of 2015, contributing to its thriving ecosystem of small businesses as new space becomes available for the first time in decades.
The Brooklyn Navy Yard Development Corporation (BNYDC) reported that eight small businesses signed new leases, 40 existing tenants renewed their leases and one existing tenant has expanded so far in 2015, all totaling 158,050 square feet and supporting 378 jobs. The attraction of new tenants is set to accelerate as new space becomes available at the Navy Yard for the first time in decades. Spaces ranging from 5,000-65,000 square feet are available for immediate occupancy, with additional projects coming in the near future.
“The Yard is undergoing an extraordinary period of growth as we add new space that can accommodate our existing, thriving tenants and new businesses that are all bringing quality jobs to local residents,” said David Ehrenberg, president and CEO of BNYDC.
The eight new tenants that joined the Brooklyn Navy Yard in the first half of 2015 support 74 jobs and occupy 36,387 square feet of space. They include beverage manufacturers Brooklyn Roasting Company and Rooftop Reds, garment manufacturer Sartorous, and design and architecture firms Eray/ Carbajo, Matter Practice, TH Partnership, and Todd Bracher Studio.
Brooklyn Roasting Company and Rooftop Reds join other food and beverage manufacturers at the Yard, including Brooklyn Grange, the leading rooftop farming and intensive green roofing business in the U.S., and Kings County Distillery, New York City’s oldest operating whiskey distillery.
Sartorous, which makes suspenders and ties, joins other tenants working in apparel, including Crye Precision, makers of protective apparel and equipment for military and law enforcement professionals, and Final Frontier Designs, a company crafting aerospace safety garments for the future of space travel.
The incoming architecture and design firms join long-term tenants like SITU Fabrication, a digital fabrication shop that specializes in the engineering and construction of projects ranging from sculptures to building facades.
New Space at Brooklyn Navy Yard
The redevelopment of Admirals Row will create 1,200 jobs and fulfill the Navy Yard’s commitment to deliver a supermarket to the community. Wegmans, the country’s highest-ranking retail employer and supermarket operator, will anchor this $140 million redevelopment. And above the retail portion of this project will be up to another 220,000 square feet of light industrial space filled with hundreds more jobs.
Last November, the de Blasio administration announced a $140 million investment to transform building 77 into a modern facility, increasing overall employment at the Yard by more than 40 percent upon completion. This 1 million-square-foot building will offer tenants an unparalleled opportunity to join the unique ecosystem of builders and makers in creative and emerging industries.
Green Manufacturing Center
The 250,000-square-foot, $66 million adaptive reuse of a former machine shop building has recently been completed with three anchor tenants — Crye Precision, New Lab and Brooklyn Roasting Company — on schedule to begin their fit out. Approximately 60,000 square feet remain available. The total project will create 800 jobs.
The 300-acre Brooklyn Navy Yard, the leading industrial park in New York City with 3.5 million square feet of leasable space consisting of 40 rentable buildings housing more than 300 businesses, is fully occupied. The city-owned Navy Yard is currently undergoing its largest expansion since WWII and is expected to house 15,000 jobs by 2020 with the addition of more than two million square feet of space. Employment in the Yard has increased from 3,600 jobs in 2001 to more than 7,000 jobs today.
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