Brooklyn Nets Size Up Potential Practice Sites in Red Hook
RED HOOK — The NBA's Brooklyn Nets are eyeing two waterfront sites in Red Hook for new practice facilities and offices closer to the team's new Barclay's Center in Boerum Hill, a realty source and Crain's said.
On Saturday, Aug. 31, Nets management and members of Cushman & Wakefield Realty toured the former Revere Sugar Refinery at 280 Richards St., a 660,000-square-foot property between Ikea and Fairway that's owned by developer Joe Sitt, a source at Red Hook-based Realty Collective said. Sitt's company, Thor Equities, bought the site in 2008 for roughly $24 million, Crain's reported.
Nets management also visited a 110,000-square-foot bus depot at 62-64 Ferris St., the Realty Collective source said. Realty Collective is the exclusive broker for that property, which is valued at about $22 million.
The Nets did not return calls for comment. A Cushman & Wakefield spokesman said he was familiar with the team's search for a practice site, but declined to comment without Nets authorization.