Apparel company Lafayette 148 is grabbing even more space at BK Navy Yard

Soho-based clothier signed on for an additional 28K sf

New York /
Oct.October 17, 2017 04:10 PM

Fashion company Lafayette 148 took another 28,000 square feet of office space at the Brooklyn Navy Yard, bringing its total footprint at the complex to 100,000 square feet.

Asking rents at the Navy Yard’s Building 77, where Lafayette 148 committed to taking 68,000 square feet last year, start in the $20s per square foot, according to Crain’s.

“Our sales might be up double-digits this year and our company needs more room to grow,” company co-founder Deirdre Quinn said. “Everything is growing for us right now, not just one area.”

The company is relocating from the increasingly expensive Soho market and had considered moving to Sunset Park, but decided it was too far.

“The Navy Yard is just close enough,” Quinn added. “It’s a big decision but I’m excited about it.”

The company will keep a single floor at Its Namesake 148 Lafayette Street, where it operates a retail store.

The Navy Yard’s Building 77 is about 80 percent leased. The 1 million-square-foot building kicked off a renovation project more than a year ago to replace its concrete walls with windows.

“Building 77 is one of the most visible elements of the yard but it looked like a bunker and a bunker doesn’t create jobs,” Navy Yard president David Ehrenberg said. “The project was done to maximize the potential for the building but also strengthen all the things that are going on around it.” [Crain’s]Rich Bockmann


Related Articles

arrow_forward_ios
The Indie Cultivate event and Independent Lodging Congress president Andrew Benioff (Independent Lodging Congress)
Is innovation dead? These real estate disruptors say no
Is innovation dead? These real estate disruptors say no
Bentley Zhao and 58-01 Queens Boulevard (New Empire Real Estate, Google Maps, iStock)
New Empire plans ambitious condo in quiet Woodside
New Empire plans ambitious condo in quiet Woodside
Rudin Management CEO Bill Rudin and 3 Times Square (Getty Images, 3 Times Square, iStock)
Rudin gets $415M refi for 3 Times Square makeover
Rudin gets $415M refi for 3 Times Square makeover
(iStock)
Bidding wars proliferate in rental market
Bidding wars proliferate in rental market
From left: Cushman & Wakefield chairman Brett White and Newmark CEO Barry Gosin (Cushman & Wakefield, Newmark, iStock)
Rumors fly regarding Cushman-Newmark merger: report
Rumors fly regarding Cushman-Newmark merger: report
Saratoga County Homestead (Facebook, iStock, Illustration by Kevin Cifuentes for The Real Deal)
Dilapidated New York tuberculosis hospital, vacant since 1973, hits the market
Dilapidated New York tuberculosis hospital, vacant since 1973, hits the market
From left: Alice Technologies founder and CEO René Morkos; Join CEO Andrew Zukoski (LinkedIn/René Morkos, LinkedIn/ Andrew Zukoski, iStock)
Construction tech startups Alice, Join score new commitments
Construction tech startups Alice, Join score new commitments
Yelp's Jeremy Stoppelman, Remote Work
Yelp shuttering NYC, Chicago offices after eyeing subleases for remote
Yelp shuttering NYC, Chicago offices after eyeing subleases for remote
arrow_forward_ios

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

Loading...