A massive, federally owned building, vacant for 11 years, finally gets a builder to redevelop it. Advocates predict it will bring blue-collar jobs to the Sunset Park waterfront.
Salmar Properties has been selected by the city to develop a 1.1 million-square-foot warehouse in Brooklyn's Sunset Park, officials announced Monday. The Bloomberg administration hopes the project will spur the revitalization of the city's languishing manufacturing industry.
The project, which sources said will cost about $10 million, will eventually create 1,300 permanent industrial jobs and 400 construction jobs along the Brooklyn waterfront, according to the city's Economic Development Corp.
The federally owned building, known as Federal Building #2, has been among the largest vacant structures for sale in New York. It has been shuttered since 2000.
EDC President Seth Pinksy said in a statement that finding a developer “represents an important step forward in the Bloomberg administration's efforts to stabilize and expand the critical industrial sector.” Mr. Pinsky also said the city has plans to roll out additional industrial initiatives in the coming weeks.
Rep. Jerrold Nadler, a West Side congressman whose district also includes Sunset Park, has been pushing for action on Federal Building #2 for years.
Rep. Jerrold Nadler, a West Side congressman whose district also includes Sunset Park, has been pushing for action on Federal Building #2 for years.
“I am delighted that this major waterfront property will soon become a significant part of Brooklyn's revitalized manufacturing district,” he said in a statement.
“I am very pleased that Congresswoman [Nydia] Velazquez and I have been able to assist in facilitating the long-awaited reincarnation of this federal building.”.
“I am very pleased that Congresswoman [Nydia] Velazquez and I have been able to assist in facilitating the long-awaited reincarnation of this federal building.”.
By Shane Dixon Kavanaugh / Crain's New York Business
May 23, 2011 3:30 p.m.
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