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New York City Economic Development Corporation (NYCEDC) and Representatives Nadler and Velázquez today announced the selection of Salmar Properties to develop Federal Building #2, a vacant 1.1 million-square-foot warehouse building in Sunset Park, into a state-of-the-art industrial center. Designated as the Southwest Brooklyn Industrial Business Zone, Sunset Park’s industrial waterfront is an enclave for light manufacturers and other industrial businesses and this project is expected to create 1,300 permanent industrial jobs and 400 construction jobs.
Salmar Properties will have a deed restriction for 30 years limiting the majority of the building to light industrial uses and minimum build requirements must be fulfilled within two years of the date of the deed. The developer currently owns other office and warehouse space in the surrounding area and Long Island.
Reinvigorating this expansive and well situated development opportunity is consistent with the Sunset Park Vision Plan for a modern industrial waterfront that is an environmentally sustainable project. It should serve as a catalyst for the industrial redevelopment of Sunset Park and complement the other industrial complexes in the area: Industry City, Bush Terminal, and Brooklyn Army Terminal. Reviving the City’s industrial waterfront is also a component of Mayor Bloomberg’s recently announced WAVES plan.
Across from the site is the South Brooklyn Marine Terminal, which is being reactivated as a break-bulk maritime port. The neighborhood is easily accessible by a variety of mass transportation options and will be able to draw employees of all skill levels from throughout the City.
“By activating a long-vacant building on the Brooklyn waterfront, the redevelopment project that NYCEDC has helped secure represents an important step forward in the Bloomberg Administration’s efforts to stabilize and expand the critical industrial sector. This deal, in turn, is the first piece of a larger industrial policy initiative that the Administration will be announcing in the coming weeks. We want to thank Congressman Nadler and Congresswoman Velázquez for their tremendous assistance and dedication to the success of this project and look forward to more successes, going forward,” said NYCEDC President Seth W. Pinsky.
“I am delighted that this major waterfront property will soon become a significant part of Brooklyn's revitalized manufacturing district,” said Congressman Jerrold Nadler. “This project will generate 1,300 permanent jobs and 400 construction jobs, and will bring much-needed economic development to Sunset Park’s waterfront. I am very pleased that Congresswoman Velázquez and I have been able to assist in facilitating the long-awaited reincarnation of this federal building. And I congratulate the City and the General Services Administration for their efforts seeing the project through."
“The selection of a firm to redevelop Federal Building number 2 is an important step. When completed, this project holds great potential for our local economy, including the creation of good-paying manufacturing jobs,” said Rep. Nydia M. Velázquez (D-NY).
“The development of Federal Building #2 will not only create 1,700 much-needed permanent and construction jobs for Brooklynites and New Yorkers, but bring more industry and light manufacturing to Brooklyn and Sunset Park, affordable space for our borough’s growing creative communities and a tremendous opportunity for smaller firms being threatened by displacement to remain in Brooklyn. This is what we call a ‘win-win’—and my office was proud to join the New York City Economic Development Corporation and president Seth Pinsky, our representatives in Congress, Nydia Velázquez and Jerrold Nadler, Council Member Sara Gonzalez and Salmar Properties in efforts to repurpose this vacant building and turn it into a thriving and environmentally sustainable industrial center,” said Brooklyn Borough President Marty Markowitz.
"I am pleased that after years of neglect, this massive building in the heart of my District is finally slated for redevelopment. I look forward to working with NYCEDC, Salmar Properties, our local Representatives in Congress, and the Sunset Park community to ensure this project reflects the goals of the local 197-a Plan and that area residents benefit from the nearly 1,700 jobs this project will create,” said Councilwoman Sara M. Gonzalez (District 38, Brooklyn).
Federal Building #2 was built in 1916 as a warehouse for the Department of the Navy and was last occupied in 2000. The building is currently owned by the federal government and administered by the General Services Administration. NYCEDC will take title to the property prior to its disposition for development.
New York City Economic Development Corporation is the City’s primary vehicle for promoting economic growth in each of the five boroughs. NYCEDC’s mission is to stimulate growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City’s competitive position. NYCEDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City’s many opportunities. Find us on Facebook or Twitter to learn more about NYCEDC projects and initiatives.