The Brooklyn Navy Yard Development Corporation (BNYDC) is seeking design and development partners to advance the transformation of its sprawling industrial complex. A request for proposals was circulated earlier this month and calls for initial conceptual designs for industrial and commercial properties at the waterfront convergence of Kent, Washington, and Railroad Avenues, near the northeastern edge of Brooklyn Navy Yard.
The Bronx Logistics Center in Hunts Point has officially achieved a LEED v4 Platinum rating, the highest LEED certification granted by the U.S. Green Building Council. Designed by ARCO and developed by Turnbridge Equities and Dune Real Estate Partners, the 1.3-million-square-foot facility is on track to open this year and will be among a small group of LEED Platinum-rated distribution buildings in the country.
After a decade of remediation and construction, a derelict industrial building along the Gowanus Canal in Brooklyn has been transformed into a state-of-the-art fabrication facility and makerspace for ceramic, print, and public art, as well as space for events and education. Known as Powerhouse Arts, the property is located at 322 3rd Avenue and was transformed by Pritzker Prize-winning design studio Herzog & de Meuron, alongside New York City’s PBDW Architects.
Innovo Property Group, represented by JLL Capital Markets, has secured $354 million in financing to complete a new industrial development at 28-90 Review Avenue in Long Island City, Queens. Total capitalization includes multiple financial packages for acquisition, construction, and development costs provided by Axos Bank, Cerberus Capital Management, and Goldman Sachs Asset Management’s Urban Investment Group.
Lincoln Equities Group and H.I.G. Realty have announced plans to construct three new specialty manufacturing and biotech buildings at the Princeton West Innovation Campus in Hopewell, New Jersey. The commercial campus is located at 311 Pennington Rocky Hill and currently has 915,000 square feet of leasable space, plus an additional 35 acres of undeveloped land.