Industry City: Brooklyn’s ‘It’ Spot
Industry City, a 6-million square foot cluster of warehouse structures situated on the Sunset Park waterfront in Brooklyn, is quickly making a name for itself among the hip neighborhoods of NYC. An article by DNAinfo’s Amy Zimmer highlights the rapid growth of Industry City’s diverse tenant base, from artisanal food and high-end furniture stores to weekend dance parties and the new home of the Brooklyn Nets.
As per the article:
After years of deferred maintenance, the complex (formerly known as Bush Terminal) is now in the early stages of a two-year, $100 million renovation that began after a partnership consisting of Belvedere Capital,Jamestown and Angelo Gordon — the team known for its successful revitalization of theChelsea Market — acquired a 50 percent stake in the complex last August. Since then, the number of workers there has grown from 2,400 to more than 3,000 and is 70 percent leased, officials from the complex said.
“It was Lower Manhattan hip,” Bill Jordan of the real estate brokerage CBRE said of an opening party he attended last month for the 10-day series of workshops, installations, open studio tours and other events as part of New York City’s design week. “Designer pizza was being grilled outside. There were lights hanging over picnic tables.”
The property owners were doing a good job “repositioning [the complex] like the Chelsea Market,” he added.
The thousands of workers now based in Industry City are looking for food, which is why the developers are currently building out the 40,000-square-foot “food hall” in Building 2, where food manufacturers are opening Chelsea Market-like retail windows and cafes, explained Industry City CEO Andrew Kimball.
“Business coming to Industry City want to be part of a dynamic community of makers. They also want amenities,” he said. “Consequently, Industry City has sought out food businesses in need of commercial kitchen space. We ask these companies to open a retail window to serve the growing number of people in our buildings. Over time, these food business will also become a significant amenity for the broader Sunset Park community.”
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For more information on Industry City, visit industrycity.com.