NYC Adds $140M for Transforming Brooklyn Navy Yard
The Brooklyn Navy Yard is getting a $140 million infusion of city money to upgrade a massive building from storage space to a workplace for 3,000 employees at companies ranging from a medical diagnostic laboratory to a motorcycle design startup, Mayor Bill de Blasio announced Monday.
The project expands previous plans to repurpose what’s known as Building 77, a World War II-era structure that once housed supplies and the commandant’s offices at the former military shipyard. The 300-acre yard is now owned by the city, which has been transforming it into a hub for manufacturing, entertainment and other companies.
“The Brooklyn Navy Yard is the epitome of something very, very quintessentially New York: the ability to reinvent,” de Blasio said.
The new investment in Building 77 will add windows, more elevators and other features to make windowless lower floors suitable for more labor-intensive businesses than warehousing, said David Ehrenberg, president of the nonprofit Brooklyn Navy Yard Development Corp.
It’s going to cost twice as much as the city’s prior plans to redevelop the 1 million-square-foot building, but it’s also expected to double the number of jobs and to increase the rent.
This article appeared in print on page 5 of edition of Hamodia.
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