With tens of millions of dollars, New York City hopes to jumpstart a transformation of Brooklyn’s Sunset Park neighborhood into a hub for artists and tech companies. As the Wall Street Journal reported, the city is spending $100 million to transform part of the Brooklyn Army Terminal—an old navy-supply hub—into space for light manufacturing. That investment is just one piece of the millions of dollars flowing into the neighborhood from real estate investors.
While the money will be significant, giving new life to Sunset Park’s industrial corridor will take more than artisanal pickles and startups. It will take great public space and significant improvements to the neighborhood’s streetscape. At this point, however, it’s not clear if that type of investment is in the cards.
In recent years, Brooklyn’s waterfront has morphed into a breeding ground for start-ups, tech agencies, and boutique manufacturing. Now the massive Industry City complex in Sunset Park could emerge as the next creative hub in the borough joining other booming neighborhoods to the north such as DUMBO, the Navy Yard, and Williamsburg. Crain’s reported that Jamestown Properties, a real estate management and investment company, which owns Chelsea Market and the Milk Studios Building in Manhattan, is teaming up with Angelo Gordon and Belvedere Capital to purchase the sprawling 6.5 million-square-foot Industry City site.
David Ehrenberg has been appointed president and CEO of the Brooklyn Navy Yard, a 300-acre, former ship-building base turned city-owned industrial park. Ehrenberg is currently an executive vice president at the New York City Economic Development Corporation (EDC). Over the last decade the Navy Yard has emerged as an essential zone for preserving and growing New York’s manufacturing sector, especially small businesses. The Yard currently includes 4.5 million square feet of leasable space, with an occupancy rate of 99 percent.
The Northeast Ohio Sustainable Communities Consortium is striking back against a wide-ranging problem that has scarred few regions more than this corner of the Midwest: sprawl.
The non-profit is a collaboration between city, county, and regional government entities, as well as private foundations and academic institutions. It is funded by a $4.25 million grant from the federal Department of Housing and Urban Development, along with $2.4 million in local matching funds.
Much has been made of the decline of American industry and, more recently, the rise of small-scale urban industry, but one of the largest international manufacturers, Taiwan-based Foxconn, could change the industrial scene completely if it decides to build factories in the United States. The Guardian reports that Foxconn is considering Detroit and Los Angeles for potential outposts thanks to rising costs overseas, but the company infamous for manufacturing Apple products among others at its 800,000-worker-strong Chinese facilities would have to adapt to radically different American ways of working.
American manufacturing may be on the rocks, but Deborah Berke, principal at Deborah Berke & Partners, believes that by adding a little bourbon, one Kentucky city can make an industrial comeback. Berke is leading a graduate studio at Yale exploring the future of boutique manufacturing in the United States and using an urban distillery in Louisville as a case study.
Marketplace had a downright enlightening segment the other day about the potential and peril of using sustainability as a tool for economic development. New York and Chicago have been doing this with some success, and now Cleveland’s mayor wants in on the act. But instead of simply promoting sustainability through tax credits, development bonuses, and mandates, Frank Jackson took a clever approach, saying whomever built a LED plant in the depressed Rust Belt city would get the contract to outfit it with all its civic lighting needs. It was a brilliantly shrewd move, until it all fell apart. Listen in to find out what happened.