Milk Studios founders plan coworking space at Industry City

Media company takes 60K sf to sublease as shared office facilities

New York /
Jul.July 30, 2015 04:00 PM

UPDATED, Sept. 1, 3:09 p.m.: The founders of Milk Studios, a company with several media and fashion ventures, are the latest entrants into the coworking world with a 60,000-square-foot lease at Industry City that they plan to offer as flexible office space.

Mazdack Rassi and Erez Shternlicht, co-founders of Milk Studios, run several businesses with different functions, including providing studio space, renting equipment and developing websites. Connections to companies in these creative fields could help it segue into the coworking space game, according to Crain’s.

The lease will likely include an option for Rassi and Shternlicht to expand into 200,000 square feet eventually.

Industry City, located in Sunset Park, is an industrial hub owned by a partnership between Jamestown, Belvedere Capital, Angelo Gordon, and the Fruchthandler and Schron families. Jamestown also owns a Chelsea building at 450 West 15th Street that is often referred to as the “Milk Studios Building.”

Financial services provider Citco recently announced that it will open its first coworking space at 350 Park Avenue.

In early July, Rudin Management and Boston Properties announced they are developing a 675,000-square-foot building at the Brooklyn Navy Yard to be anchored by shared office space provider WeWork. [Crain’s] — Tess Hofmann

Correction: A previous version of this story stated that Milk Studios, rather than its founders, was behind the new coworking space venture.


Related Articles

arrow_forward_ios
The proposal to rezone Industry City in Brooklyn was unveiled five years ago, but collapsed under political pressure (Courtesy of Industry City)

Here’s how Industry City’s controversial rezoning unraveled

Here’s how Industry City’s controversial rezoning unraveled
Andrew Kimball and Carlos Menchaca with a rendering of Industry City (Getty)

Where’s the mayor? Council members say de Blasio’s MIA on Industry City rezoning

Where’s the mayor? Council members say de Blasio’s MIA on Industry City rezoning
Jeff Bezos and the online-only Whole Foods in Brooklyn (Getty, Amazon)

Amazon opens first online-only Whole Foods, in Industry City

Amazon opens first online-only Whole Foods, in Industry City
Industry City and City Planning Commission chairwoman Marisa Lago (iStock)

City Planning Commission approves Industry City rezoning

City Planning Commission approves Industry City rezoning
6201 15th Avenue in Bensonhurst and 185 Claremont Avenue with BlackRock CEO Larry Fink (Google Maps; Fink by Eugene Gologursky/Getty Images for IRC)

Pandemic-proof, $29.5M deal for Brooklyn office building closes

Pandemic-proof, $29.5M deal for Brooklyn office building closes
Industry City with Carlos Menchaca, Corey Johnson and Gary LaBarbera (Industry City, Getty)

Biz, labor call on Corey Johnson to save Industry City rezoning

Biz, labor call on Corey Johnson to save Industry City rezoning
From left: City Council members Carlos Menchaca, Ritchie Torres and Donovan Richards with Industry City (Getty, iStock)

Council members call for override on Industry City rejection

Council members call for override on Industry City rejection
Council member Carlos Menchaca and Industry City (Getty, Wikipedia)

Industry City rezoning is effectively dead

Industry City rezoning is effectively dead
arrow_forward_ios

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

Loading...