The Real Deal New York

Admirals Row redevelopment plan approved

November 29, 2011 06:38PM

The New York City Council today granted final approval for the
redevelopment of the
six-acre Admirals Row site at the Brooklyn Navy Yard.

The site will be transferred from the federal government to the City
of New York,
and will then become part of Brooklyn Navy Yard, the city said.
Brooklyn Navy Yard Development Corporation, which manages the 300-acre
industrial park on behalf of the City, will oversee redevelopment of
the site, creating a 74,000-square-foot supermarket and 79,000
square feet of additional retail space, as well as 127,000 square feet
of industrial space.

“The transformation at the Brooklyn Navy Yard over the past decade is
a prime example of our administration’s commitment to revitalizing old
industrial areas, especially along our waterfront,” said Mayor Michael
Bloomberg. “Now, this additional development will bring more new jobs
to our City’s premier industrial park and help make it a great place
to work.”

Established in 1801, the Brooklyn Navy Yard served as one of America’s
preeminent military facilities for more than 150 years. Closed by the
federal government in 1966, the City of New York assumed
ownership and re-opened the Yard as an industrial park.
If it progresses as planned, the development of Admirals Row would be
the latest in a large expansion underway at the Navy Yard, fueled by
more than $200 million in basic infrastructure investments from the
Bloomberg administration, including a recent $15 million commitment to
build space for green manufacturers. — Katherine Clarke


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