In the past few years, the Brooklyn Navy Yard has quietly become one of the busiest places in the borough. It is now home to tenants ranging from traditional manufacturers like Sweet’N Low to the Kings County (whiskey) Distillery, and from film producer Steiner Studios, to the Brooklyn Grange rooftop farm.
And according to David Ehrenberg, president and CEO of the Brooklyn Navy Yard Development Corporation, “the most important thing for our mission is jobs. At the core, we are an industrial park.”
Brooklyn Navy Yard By the Numbers (compiled by The Real Deal):
- 5 million Total leasable space, in square feet, currently online at the Navy Yard. About 20 of the Yard’s 300 acres remain undeveloped.
- 250,000 Square footage of the soon-to-be-completed Green Manufacturing Center, the site of a former machine shop building. The $55 million center has drawn $18 million in grants.
- 7,000 Number of people currently employed by the Navy Yard’s 330 tenants. The number of jobs is expected to increase to 14,000 in the next five years.
- 80,000 Square footage in the Green Manufacturing Center dedicated to the New Lab, a high-tech design and prototyping center created by real-estate developer Macro Sea. New Lab includes 12 companies, including one working on technology to be used in outer space.
- $140 million Total city investment into the renovation of the 1-million-square-foot Building 77.
- 3 Number of requests for proposals issued by the Brooklyn Navy Yard Development Corp. to redevelop the once-grand Navy Yard’s Admiral Row, which deteriorated into a mess of moldering townhouses. The project will cost an estimated $120 million.
- 240,000 Square footage of Building 77 to be leased to Jack Basch, CEO of Shiel Medical Laboratory, the Navy Yard’s top job creator with more than 630 workers. There are more than 100 companies on the waiting list trying to expand or ink a lease there.
- $40 Asking price, per square foot, for Building 77’s penthouse floor. Lower floor rent is expected in the $20 per–foot range, but city and state incentives could trim that to $18.
- 44 Number of leases renewed at the Navy Yard since the beginning of last year. About 70 percent of the Yard’s tenant base has been there for more than a decade.
- $4 Rent per square foot — about a third the going rate — paid by Capsys, a modular apartment manufacturer in danger of losing its lease. Capsys has operated at the Yard for 18 years and has 70 unionized employees.
- 600 Number of people the Navy Yard’s Employment Center has helped find jobs since opening in 2011 of which 70 percent are Brooklyn residents.
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