12 firms committed to 62,000 s/f at Navy Yard.The Brooklyn Navy Yard The United States Navy Yard, New York - better known as the Brooklyn Navy Yard or the New York Naval Shipyard (NYNSY) - is located 1.7 miles northeast of the Battery on the Brooklyn side of the East River in Wallabout Basin, a semicircular bend of the East River , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City's most successful, single-landlord industrial park, announced that twelve small firms had committed to establish operations, expand existing space, or renew their existing presence at the site. The companies collectively represent 104 industrial jobs and occupy a total of 62,400 square feet at the property, where more than 220 private-sector tenants employ approximately 4,100 people. The 300-acre Brooklyn Navy Yard is owned by New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and managed by the Brooklyn Navy Yard Development Corporation (BNYDC). The twelve firms include several design and fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. companies, a sign maker, an environmental testing lab, a spice distributor, and a number of other enterprises. "The Brooklyn Navy Yard offers an excellent business environment for the expansion of entrepreneurial companies," said Brooklyn Navy Yard Development Corporation president Eric Deutsch. "By promoting the growth of these industrial companies, the Navy Yard fortifies the local economy by helping small companies deepen their roots in New York City." The Brooklyn Navy Yard's existing 3.5 million square feet of space--presently consisting of 40 rentable buildings--is 98 percent occupied. Last year, Mayor Michael R. Bloomberg announced plans for an expansion that could add 500,000 square feet of space and as many as 800 jobs within the next five years. At a press conference earlier this month, the mayor announced a citywide industrial policy which included a proposal for a new city tax credit for companies moving into the Navy Yard and various other industrial areas around the city. Situated in a New York State Empire Zone, firms that expand in or relocate to the Brooklyn Navy Yard are already eligible for substantial New York State tax benefits. The twelve companies include: S & G Fine Chair Collection: This 12-employee firm is relocating from the Gowanus area to occupy 16,000 s/f at the Navy Yard. Barnett Spice of New York: This spice distributor is relocating from Williamsburg into a 1,700-s/f space. DCM DCM abbr. Distinguished Conduct Medal Fabrication: Employing five people, it is expanding its presence at the Navy Yard from 2,800 to 8,300 s/f Engraved en·grave tr.v. en·graved, en·grav·ing, en·graves 1. To carve, cut, or etch into a material: engraved the champion's name on the trophy. 2. Sign Studio: This four-employee firm has been a Navy Yard tenant for two decades and is renewing its lease on 6,700 s/f. Ferra Design: This seven-employee company occupies 7,000 square feet. Susan Woods: This firm is adding 2,700 s/f to a total occupied area to 6,400 s/f Independent Monitoring & Analysis: Expanding its operations by 300 s/f, bringing its space to 1,700 s/f. City Landmark: The company is moving its operations from lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North to a 2,800 s/f site. Ping Chong & Company: Expanding its operations, which are headquartered in Greenwich Village. The firm's new lease brings four new jobs into a 5,500 s/f space in the Navy Yard. Canopy Studios: This design studio occupies 600 s/f and is relocating from Windsor Terrace, Brooklyn Windsor Terrace is a neighborhood in the New York City borough of Brooklyn. It is bounded by Prospect Park to the northeast and Green-Wood Cemetery, a National Historic Landmark, to the southwest. . Paul Wood: This 600-square-foot, single-employee enterprise produces customized woodworking and cabinetry. BNY BNY Bank of New York Co-Generation Partners: Until now, this energy co-generation facility occupied two buildings at the Navy Yard. The 44-employee firm is now adding 5,100 s/f of office space in a third building and expects to hire five additional employees. |
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