Army Corps mulls Manhattan move, despite 10-fold jump in rent

TRD New York /
Mar.March 30, 2011 05:43 PM

The Army Corps of Engineers is looking to move out of its Fort Hamilton Army Base digs in favor of a Lower Manhattan space, in a move that would force a 10-fold increase in the annual rent it pays, according to the Brooklyn Paper. The corps said a Manhattan base would make it easier for employees and customers to reach them. But local officials have balked at the plan, citing the increased drain on public funds and the potential closure of Fort Hamilton that the move could force. The corps, considered one of the fort’s largest tenants, would leave behind a considerable vacancy if it departed. “If their troops have issues, we’re going to do what we can to alleviate those issues and support the,” said Rep. Michael Grimm, whose district includes Bay Ridge, where Fort Hamilton is located. It was not immediately clear when the corps would make its decision. [Brooklyn Paper]


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Cristiano Moura (Credit: Christie’s Real Estate and iStock)

Viral Instagram post leads to arrest, assault charge for former Christie’s agent

Amazon CEO Jeff Bezos and Hudson Yards (Credit: Getty Images and Wikipedia)

Amazon takes big new office space near Hudson Yards

A&E Real Estate Holdings principal Douglas Eisenberg and the properties (Credit: The Rego Park 18 Portfolio)

Deutsche Bank provided A&E $97M in financing for big Rego Park buy

Billy Macklowe and Key Food at 120 Fifth Avenue in Brooklyn (Credit: Getty Images and Google Maps)

Billy Macklowe looking to break into Brooklyn

From left: Daniel Shirazi, and Robert Khodadadian, with 530 West 25th Street

Feil Organization buys Chelsea office building for $72M

arrow_forward_ios