BNYDCBrooklyn Navy Yard Development Corporation (New York)
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Dushman says the President and the Chief Operating Officer of BNYDC, who were the first on his staff to receive Now Up-to-Date and Contact, are pleased with the product's efficiency.
This gives us further confirmation of our need to add new space as quickly as possible and give our tenants room to grow," said David Ehrenberg, president and CEO of BNYDC.
To add manufacturing space and intensify job creation, BNYDC is proceeding with several development initiatives.
Should the BNYDC rent out a big chunk of its space to a major industrial firm, or is the borough better served with many small employers?
The BNYDC is currently marketing Building 77, a one million square feet, 16-story former warehouse it is converting into manufacturing space in a $140 million renovation.
Prior to being appointed as president and CEO of the BNYDC in 2013, Ehrenberg was a senior manager at the NYCEDC for seven years, where he oversaw major economic development projects including the future Cornell campus on Roosevelt Island, the redevelopment of Seward Park on the Lower East Side, and the Atlantic Yards Project.
BNYDC has already begun stabilization work on both buildings.
BNYDC has established aggressive community participation goals for the redevelopment of Admirals Row, including 30 percent of the overall contract values awarded to certified minority/women-owned businesses and an additional 10 percent of contracts targeted to local businesses.
Structural engineers from Robert Silman Associates will get immediate access to the site to stabilize the two structures under contract to BNYDC.
NYCRC raised $60 million for BNYDC by attracting 120 investors from around the world seeking to secure US residency for themselves and their children, under 21 years old.
It is no surprise that securing private financing for economic development projects has been challenging," said Alan Fishman, BNYDC chairman.
BNYDC also announced that it is pre-leasing space in a planned 330,000 s/f, multi-story industrial complex, now known as Building 128.