Brooklyn’s Industry City Attracts Tech Companies Amidst Revival
Industry City's Revolution
Move over, DUMBO. The next waterfront Brooklyn tech destination has arrived.
Last Thursday, Time Inc. announced it had signed a 15-year lease at Sunset Park’s once-derelict Industry City, moving more than 300 tech, advertising, and creative employees into 55,000 square feet of revamped warehouse space.
In March, Industry City unveiled a $1 billion redevelopment led by real estate firm Jamestown (of Chelsea Market fame). The developers aim to create over 5,000 new jobs and attract companies ranging from tech to manufacturing to retail.
The 6 million square-foot waterfront complex thrived in the early 1900s as shipping and manufacturing boomed, employing nearly 25,000 workers, but declined alongside many other urban industrial properties in the latter half of the century.
With a new cash infusion, super-fast Internet, and a horde of high-profile tenants ranging from MakerBot to Shyp to the Brooklyn Nets (who are moving into their new practice facility there next season), Industry City is primed for a return to prominence.
“I think what’s been appealing to bigger players is the kind of community we’re creating, the ecosystem of businesses and the kind of authenticity of this place,” Industry City CEO Andrew Kimball said. “I think the authenticity is that it has this mixture of firms and this drive toward innovation being done in these great old historic buildings whose roots were in manufacturing.”
You can see more of what the future holds for Industry City here.
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