The Brooklyn Navy Yard Development Corporation (BDNYC) has announced the successful acquisition of $42 million in financing for the renovation of “Building 127.”
New renderings are out for the Brooklyn Navy Yard development, consisting of a $2.5 billion urban manufacturing center. Once complete, the entire project will create around 5.1 million square feet for middle-class manufacturing companies. The mission-based non-profit Brooklyn Navy Yard Development Corporation is responsible for the plans.
Permits are now processing for a sizable new three-story building at 640 Columbia Street, in Red Hook, Brooklyn. The filings confirm movement on a new multi-level commercial distribution center by Dov Hertz and the Innovo Property Group, making this the second large warehouse by the pair in the Five Boroughs. Their first project, still under development, is 2050 Bruckner Boulevard in the Bronx. The Red Hook site would be right next to IKEA, with close proximity to the I-278 and I-478, which would give trucks quick access to Manhattan, Long Island, and New Jersey through Staten Island.
Last December, YIMBY revealed the renderings for 399 Sands Street in the Brooklyn Navy Yard Industrial Park. Now, the official groundbreaking for the nine-story office building has occurred. The structure will house between 700 to 1,000 jobs once complete. It is part of the $1 billion redevelopment project dedicated to fueling New York City’s economy with infrastructure for 10,000 new jobs in manufacturing and creative businesses. The non-profit Brooklyn Navy Yard Development Corporation (BNYDC) is realizing the project through private developers, and Steiner NYC is responsible for 399 Sands Street.
Kaufman Astoria Studios first opened in 1921, and has long been a centerpiece of New York City’s media industry. The Astoria-based complex is no longer relying on its historical footprint, having recently become the first studio in the Five Boroughs to gain a backlot for filming. A backlot is a space containing permanent exterior sets. The latest addition to the campus will be a newly built four-story office building at 34-11 36th Street, Queens, that will include two new stages, which YIMBY can now reveal. The studio’s Astoria on Stage LLC is behind the applications.
