Brooklyn Navy Yard Development Corporation

After the federal government closed the military facilities at Brooklyn Navy Yard in 1966, the property on the East River was taken over and converted into commercial real estate by The City of New York. Brooklyn Navy Yard Development Corporation is in charge of the management and development of the...

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Bibliographic Details
Published inHoover's Company Records
Format Report
LanguageEnglish
Published Fort Mill Mergent 01.07.2024
Subjects
Commercial real estate
Property management
Real estate
Real estate agents & brokers
United States > US
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Summary:After the federal government closed the military facilities at Brooklyn Navy Yard in 1966, the property on the East River was taken over and converted into commercial real estate by The City of New York. Brooklyn Navy Yard Development Corporation is in charge of the management and development of the old Navy Yard, which contains about 4 million sq. ft. of leasable office and industrial space. Located near the Brooklyn Bridge, the Navy Yard is home to about 250 tenants, including small businesses, high-tech startups, and film and television studios. Since 2006, the company has been managing a Mayor Bloomberg-sanctioned expansion of the yard, including some 1.7 million sq. ft. of new industrial space.