Brooklyn smoked fish company plans to build 500K sf in office space above factory

Acme Smoked Fish, Rubenstein Partners to build a 583K sf commercial development in Greenpoint

New York /
Feb.February 08, 2019 09:31 AM

(Credit: iStock and Pixabay)

How much would you pay to rent office space above a smoked fish factory?

That potentially pungent option will be an option for businesses looking for commercial space on the border of Williamsburg and Greenpoint now that major smoked fish maker Acme Smoked Fish is expanding its footprint.

30 Gem Street in Brooklyn (Credit: Google Maps)

The company plans to develop a 583,000-square-foot, multistory project with Philadelphia-based developer Rubenstein Partners, according to the Wall Street Journal. The site would include a 80,000-square-foot manufacturing facility where company will roll out their signature lox, whitefish and herring. The rest of the building would incorporate office space.

The development would be built on land the company already owns at 30 Gem Street, which currently houses a 65,000-square-foot production facility, and on surrounding parcels Acme plans to buys with Rubenstein. The Real Deal in January first reported on the assemblage and potential development plan.

Sources told the Journal it could cost up to $300 million in acquisition and development costs.

Rubenstein is also developing an office project at 25 Kent Avenue with Toby Moskovits’s Heritage Equity, though the Brooklyn office market hasn’t taken off as many expected.

The project between Acme and Rubenstein is subject to review from the city’s planning department and comment from the community. Acme and Rubenstein may run into some trouble as they are requesting to a rezoning from manufacturing to commercial use at the site, which is not currently allowed in the area.

Officials with Acme and Rubenstein told the Journal that the project will include ventilation equipment to stop any fishy odors wafting into the proposed offices. [WSJ] – Decca Muldowney

 

Related Articles

arrow_forward_ios
Care/of to take 79K sf at Liberty Bklyn in mid-2022 (Care/of, iStock)
Madison Capital signs wellness company in Brooklyn office
Madison Capital signs wellness company in Brooklyn office
Vornado co-head of real estate Glen Weiss and Sharebite President Mohsin Memon (VNO, Facebook, iStock)
Vornado sweetening Manhattan properties with food delivery partner
Vornado sweetening Manhattan properties with food delivery partner
Thomas Cangemi, chief executive officer, New York Community Bank (New York Community Bank, iStock)
Looming interest hikes prompt multifamily lending spree
Looming interest hikes prompt multifamily lending spree
Retailers are falling behind on their rent (Stock, Photo illustration by Priyanka Modi)
These retailers fell behind on rent last year
These retailers fell behind on rent last year
Jeff Aronson (iStock, Jeff Aronson, CC BY-SA 2.0, via Wikimedia Commons/Photo Illustration by Steven Dilakian for The Real Deal)
Centerbridge closes $2B real estate fund
Centerbridge closes $2B real estate fund
Adir Levitas, founder and CEO, Faropoint (Faropoint, iStock, Illustration by Kevin Cifuentes for The Real Deal)
An industrial “David” in a field of Goliaths
An industrial “David” in a field of Goliaths
Equity Group Investments chairman Sam Zell (Getty, iStock)
Office market’s recovery will outpace retail amid “viability” questions, Zell says
Office market’s recovery will outpace retail amid “viability” questions, Zell says
(iStock)
CRE sales hit record $809B in 2021
CRE sales hit record $809B in 2021
arrow_forward_ios

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

Loading...