Stephen Dannhauser (at left), chairman of Weil Gotshal & Manges, accepts a Junior’s Cheesecake as a
token gift from Brooklyn borough president Marty Markowitz (center). The law firm, which moved into
35,000 sf of space at Metro Tech Center in August, is considered a high-profile example of the increasing diversity of Brooklyn’s office tenant base.
million sf of new space going up over the
next three years. Of that, 90,000 sf was just
completed: the Perry Avenue building, said
to be the nation’s first multi-story, multi-ten-anted green industrial building. Kimball says
it’s already 100% leased by SurroundArt, an
existing tenant which treats and restores fine
art. SurroundArt began in 2002 with 5,000
sf; since then, it has grown to 70,000 sf and
leased the entire new building to boot.
“That’s a story that repeats over and over
in the Navy Yard: companies come here
small and then, when a space opens up, they
immediately grab it to grow,” Kimball says.
One industry member with a high-level
view of the breadth of Brooklyn’s redevelopment is Navid Maqami, principal with architecture firm Greenberg Farrow. “We have 14
or 15 projects going on in Brooklyn alone—
some near completion, some in design or approval, some just completed,” he says.
“They’re in different areas, and it’s telling
how different those areas are. They’re really
worlds apart. We have a couple of projects in
downtown Brooklyn: City Point, a ground-up mixed-use development; and a rehab of
the landmark Conway building on Fulton
Mall. We have a bunch of residential projects
in Williamsburg, all totally different in scale
and flavor.” These include 80 Metropolitan,
a Steiner NYC condo project on the site of
the former Old Dutch Mustard Co. building.
“On the other hand, we also did a huge
Ikea on the waterfront in Red Hook,
which opened in May,” Maqami says.
“Then you have Sheepshead Bay and Ca-narsie—it’s just amazing how diverse the
whole borough is.”—RENY
R2nd eAnnual lShare
OCTOBER 16, 2008
Gaylord Palms Resort & Convention Center
CENTRAL FLORIDA
Hosted by Real Estate Florida and GlobeSt.com
INNOVATIVE TOPICS WILL INCLUDE:
• The Numbers Behind the Trends: The State of the Central
Florida Market
• With Dislocation Comes Opportunity: Surviving the Capital
Crisis
• The Outlook for Leasing, Investment & Development in the
Office Market
• Who Is Still Getting Deals Done—and Why—in the Investment
Sales Market?
• Improving ROI and Saving Money by Going Green
Featured Presentation
KEYNOTE ADDRESS
Jack Kemp
Founder and Chairman
Kemp Partners
REGISTER NOW: www.realshareconferences.com/CentralForida
Executive Sponsor:
• CNL Commercial
Real Estate
Sponsors:
• Coldwell Banker Commercial
• Eola Capital
• Flagler Development Group
• Holland & Knight
• Marcus & Millichap
Hospitality Sponsor:
