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

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
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
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
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Andrew Florance, CEO of CoStar Group (CoStar, Homes.com)
CoStar to buy Homes.com for $156M
CoStar to buy Homes.com for $156M
The 300 West 125th Street location of Buffalo Wild Wings is closing for good. (Google Maps, Getty)
Buffalo Wild Wings chickens out on Harlem lease
Buffalo Wild Wings chickens out on Harlem lease
The Goodtime Hotel with Pharrell Williams and (from top) David Grutman, Michael D. Fascitelli and Eric Birnbaum (Getty, Alice Gao)
Pharrell’s Goodtime Hotel opens in Miami Beach
Pharrell’s Goodtime Hotel opens in Miami Beach
General Assembly's CEO Lisa Lewin (General Assembly)
General Assembly renews 40K sf lease in Flatiron District
General Assembly renews 40K sf lease in Flatiron District
Robert Durst appearing in Los Angeles County Superior Court (Getty)
Robert Durst murder trial to restart following Covid delay
Robert Durst murder trial to restart following Covid delay
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...