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Abandoned Navy Yard Warehouse to See New Life with $140M City Investment

By Janet Upadhye | November 17, 2014 5:40pm
 Mayor Bill de Blasio announced a $140 million investment from the city to convert Brooklyn Navy Yard's Building 77 into a "modern manufacturing facility."
Building 77 Gets New Life in Brooklyn Navy Yard
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BROOKLYN NAVY YARD — The Navy Yard's biggest building, a 16-story abandoned warehouse, will soon be converted to a "modern manufacturing facility" and create 3,000 new jobs for the city, Mayor Bill de Blasio announced Monday.

The city is investing $140 million to renovate Building 77 into rental space for manufacturing and tech companies as well as the new headquarters for the Navy Yard's Employment Center, which assists job-seeking local residents.

“We believe in the kind of economic investments that will spur good jobs and spark the type of growth that can lift up whole neighborhoods," de Blasio said in a statement.

The money will go toward new windows and elevators for the World War II era storage facility along with other upgrades and a possible green roof.

“This building will be a mix of existing Yard tenants and new tenants,” said Navy Yard President David Ehrenberg. “We have been 100 percent occupied for 10 years," he added, referring to the Navy Yard.

Shiel Medical Laboratory, which already has a home in the Navy Yard, is slated for the new space, as is a startup that designs motorcycles, Ehrenberg said. 

"Today, we literally have not a single square foot to lease at the Brooklyn Navy Yard, and we have not been able to keep up with demands of our existing tenants as they’ve wanted to expand and grow their employment," he added.

The project will be completed in 2016, Ehrenberg said.