Industry City stakeholders announced today details for the redevelopment of its 6-million-square-foot waterfront complex in Sunset Park, a reinvigoration that is being sparked by $1 billion worth of investment and the growing demand for space for the “innovation economy” that has taken root in Brooklyn.
Thanks to tech tenants, a burgeoning manufacturing scene and substantial public and private investments, this South Brooklyn neighborhood is having its moment. Read More
Investment sales in the southwest Brooklyn submarket are on pace to grow by 57 percent in terms of the number of buildings sold and 119 percent in dollar volume this year, according to a new monthly report set to be released this week by Massey Knakal Realty Services.
While neighborhoods like Sunset Park, Bensonhurst, Bay Ridge and eight other areas within southwest Brooklyn don’t receive the same hype as other areas such as Williamsburg or Downtown Brooklyn, the southwestern portion of the borough have accounted for 25 percent of the total buildings sold and 18 percent of the total sales figures for the borough, figures from the report say.
Shyp, the San Francisco-based shipping startup, signed a 10-year lease for its first permanent New York office in Brooklyn’s Industry City.
First reported by Crain’s New York Business, Shyp has already moved into its 14,000 square foot space, which is now serving as the company’s central packaging and distribution facility for New York City and the center of its East Coast operations.
Digital distributor FilmRise has moved to Industry City, a space in Sunset Park that has attracted creative and manufacturing industries.
FilmRise moved into its new 5,000 square-foot industrial space at 34 35th Street on Oct. 1. The space in the waterfront development includes 100 year-old wood floors and windows overlooking New York Harbor and the Read More
Full-service event design, planning and production company David Stark Design and Production has signed a lease for 38,000 square feet at Brooklyn’s Industry City.
The Brooklyn firm will move into the 40-acre Sunset Park complex in early 2015, according to a release from Industry City. Its current digs are in a 5,000-square-foot production space in Carroll Gardens and a 9,000-square-foot storage space in Gowanus, according to Crain’s New York Business, which first reported news of the deal.
The Brooklyn Nets franchise has announced plans to build a 70,000-square-foot training center at 148 39th Street in Industry City.
The franchise plans to relocate its training center to the eighth floor of the building from East Rutherford, N.J. in time for the start of the 2015-16 NBA season. Located one subway stop from the Barclay’s Center, the MANICA Architecture-designed facility will include two basketball courts, a weight room, a training pool and two hydro pools, a rooftop entertainment space, an 18-seat multimedia theater and more.
Virginia Dare, a food flavoring and extract manufacturer that has called 882 Third Avenue home for 90 years, will renew its lease at the Industry City building, ensuring the company marks its 100th birthday in Sunset Park.
One of my pet phrases for northern Brooklynites is ‘south of the park,’ referring to the area of Brooklyn that is south of Prospect Park.
Brooklyn is huge, which is sometimes forgotten in the cool buzz of the north − Dumbo, Williamsburg, Bushwick.
So watch Flatbush, Sunset Park and Crown Heights this fall.
Michael Altman is not happy with his current Internet connection. Head of gourmet chocolate company Tumbador Chocolate, Mr. Altman says the fastest Internet connection offered in his workplace is—wait for it—DSL. What is this, 1999?
“The DSL line goes off often, at least twice a month for a [full] day,” Mr. Altman said. “The line has been damaged since Hurricane Sandy. We go up and down all the time, meaning we have no Internet, or the Internet is so slow that dial-up is faster…When you have no Internet you might as well close and run away.”
Dumbo, which garnered its fame as a home for creative and tech by packing tenants into one small neighborhood, now has but a handful of spaces available. Also, the demand-supply spread is way out of whack in Williamsburg, due to a lack of product, fine area amenities, hip residents and the vibrant tenant market.
Clearly Read More
Three art and design tenants have signed significant five-year leases at Industry City in Sunset Park.
Next Door’s, a photography studio, will move into 11,601 square feet at 67 34th Street and use the space for production and art fabrication. Sebastian Errazuriz Studio inked a deal for 8,180 square feet in 32 33rd Street in the complex. And McConnell & Borrow Inc, a set designer and prop provider, signed for 6,206 square feet at 88 35th Street.
Colson Patisserie inked a roughly 4,000-square-foot lease at 220 East 36th Street in the Industry City complex, The Commercial Observer has learned.
The space will include a working bakery and a retail cafe component of the Belgian bakery, which opened its first Brooklyn location in 2006 at 374 9th Street in Park Slope. Colson will not be the only Industry City tenant with sweet tooth appeal: Blue Marble Ice Cream and Tumbador Chocolate already produce confections in the 16-building, 1.1-million-square-foot Sunset Park compound.
Julius Chabbott, director of real estate at Industry City, represented the landlord. Colson represented itself.
The cell phone company Wireless Digital Group signed a five-year lease for 3,600 square feet at Brooklyn’s 16-building, 40-acre Industry City compound.
Wireless Digital will be moving to Building 10 in the Sunset Park campus from Coney Island Avenue. Bruce Federman, director of real estate at Industry City Associates, represented the building.
“Wireless Digital was previously located in a nondescript location and wanted to have a more central location without having to pay Manhattan rents,” Mr. Federman said in a prepared statement.
The Brooklyn Army Terminal plays only a peripheral role in Last Exit to Brooklyn, Hubert Selby Jr.’s dystopian 1964 novel about the Sunset Park and Bay Bridge neighborhoods of Brooklyn. But the compound—still an active base in the book—is the fulcrum around which Mr. Selby’s panoply of broken soldiers, hookers, junkies and hoods circulates.
Last month, the rejuvenated B.A.T. won a major tenant. The artisanal chocolatier Jacques Torres signed for 39,000 square feet in the 95-year-old compound that served as the United States Army’s port of embarkation during World Wars I and II.
“The building has soul,” Mr. Torres said. “When you go there, you touch history. When I visit, I get that cold chill going through me.”
The ghosts of army grunts and the military-industrial complex are not the only historical vestiges that haunt the 4.1-milion-square-foot B.A.T. and the Sunset Park neighborhood that surrounds it. There’s also a residual perception of the forlorn squalor and grit that permeated Mr. Selby’s novel.
“You know, it’s actually not a bad neighborhood,” Mr. Torres said. “You can go there and not get shot.”